Section 10 (B) Benefits
This query is : Resolved
25 September 2009
An assesse sold its assets to a independent company under slump sale , orginally the assessee was enjoying the 10 (b) benefits since 2006 .
The independent company carries the same business with the same assets and location and whether it will be entitled to 10 (B) benefits .
The independent company carries the same business with the same assets and location and whether it will be entitled to 10 (B) benefits .
27 September 2009
No, conditions are there.
The Plant & Machinery should not have been used for any purpose in India. No depreciation should had been claimed in India.
The better planning was to introduce the new owners as shareholders.
The Plant & Machinery should not have been used for any purpose in India. No depreciation should had been claimed in India.
The better planning was to introduce the new owners as shareholders.
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