WDV of resulting comaony -Sec 32


Last updated: 11 January 2009

Court :
IN THE ITAT MUMBAI BENCH ‘H’

Brief :
Section 32, read with section 43(6), of the Income-tax Act, 1961 - Depreciation - Allowance/Rate of - Assessment years 2002-03 and 2003-04 - Whether for purpose of computing depreciation, only tax written down value of transferred assets of demerged company would constitute written down value of block of assets of resulting company - Held, yes

Citation :

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Published in Income Tax
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