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Income Tax - Highlights / Catch Notes

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

Income Tax

January 29, 2016

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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