query in income tax section 43 (6 ) related to conversion

hello . Members . as per amended provisions prescribed by finance act 10 . Conversion of unlisted company to l. l .p is exempt transfer.The value of asset transferred to l .l .p shall be wdv on date on transfer. v.g sir takes the cost to unlisted company as the value of asset to be included in L . L . P block of assets whereas singhania sir view says the cost after reduction of proportionate depreciation will be added to block of succeeding L . L . P . Which view is more widely accepted. Please reply soon Thanks in advance .