Depreciation on Imported Car
This query is : Resolved
18 April 2009
Can any body answer with related judgement, if any that-
an assessee purchased a car in scheme of amalgamation. car was actually acquired by amalgamating company before 1.4.2001 i.e. not liable for depreciation. and accordingly not claimed any dep.
However after amalgamation the amalgamated company wants to claim depreciation can he do so?
Pls e mail me at torajnishkumar@gmail.com
or call 9899113350
an assessee purchased a car in scheme of amalgamation. car was actually acquired by amalgamating company before 1.4.2001 i.e. not liable for depreciation. and accordingly not claimed any dep.
However after amalgamation the amalgamated company wants to claim depreciation can he do so?
Pls e mail me at torajnishkumar@gmail.com
or call 9899113350
18 April 2009
of course he can do it
here car will be put to use in new company and so the assesee can surely claim depreciation on it
here car will be put to use in new company and so the assesee can surely claim depreciation on it
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