TMI BlogDepreciation on intangible assets - case of conversion of partnership firm into a company -...Depreciation on intangible assets - case of conversion of partnership firm into a company - determination of WDV / cost of acquisition - As actual cost to the assessee was ‘Nil’, the WD value of the assets in the hands of the predecessor firm shall be considered for the allowance of depreciation. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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