TMI BlogMeaning of written down value and adjusted value of assets.X X X X Extracts X X X X X X X X Extracts X X X X ..... inancial year. (2) The written down value of the block of assets at the close of the immediately preceding financial year shall be the adjusted value of the block of assets in the immediately preceding financial year as reduced by,— (a) the amount of capital allowance, if any, allowed under section 37 during that year; and (b) any expenditure incurred for acquiring th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red to in sub-section (3) of section 44. (4) The adjusted value of anys block of assets under sub-section (3) shall be "nil" if the amount (C+D+E) exceeds the amount (A+B). (5) The adjusted value of the block of assets, acquired by a successor in a business reorganisation, for the financial year in which the business reorganisation has taken place shall be the amount which would have b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any asset acquired in any financial year from a country outside India for the purposes of business and there is variation in liability in respect of acquisition of the asset after the date of such acquisition, the adjusted value of the block of assets shall be computed in accordance with the formula— A + (B-C) - D Where A = the adjusted value of such block of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ere the person has entered into a forward contract, be computed with reference to the rate of exchange specified in such forward contract. (9) The Board may prescribe (a) the method of determining the allocation of the written down value or the adjusted written down value of the assets between the different businesses carried on by the person; and (b) the method of determ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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