Succession of the firm - revaluation of assets - claim of ...

Depreciation Allowed on Revalued Assets as AO Doesn't Dispute Valuation; Explanation-3, Section 43 Not Applicable.

January 29, 2016

Case Laws Income Tax AT

Succession of the firm - revaluation of assets - claim of depreciation - AO has not disputed the valuation adopted by the assessee, this rules out the applicability of Explanation-3 to Sec. 43 - depreciation on revalued assets allowed - AT

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Succession of the firm - revaluation of assets - claim of ...

Depreciation Allowed on Revalued Assets as AO Doesn't Dispute Valuation; Explanation-3, Section 43 Not Applicable.

January 29, 2016

Case Laws Income Tax AT

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