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2004 (3) TMI 19 - MADRAS HIGH COURT"Whether, on a proper interpretation of the provisions of section 43(6) read with Explanations 2A and 3, the Tribunal was right in law in holding that the written down value of the transferred assets of the amalgamating company should be worked out without reducing therefrom the unabsorbed depreciation relating to earlier years?" - The direction of the Tribunal to adopt the written down value of the transferred assets without reducing the unabsorbed depreciation appears to be justified - We answer the question raised in the affirmative
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