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Depreciation on Imported Car

This query is : Resolved 
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(Querist)
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
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CA Akshat

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CA Akshat (Expert)
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
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