Depreciation by adopting the stamp value as per the provision of ...

Clarification on Depreciation Calculation Using Stamp Value u/s 50C of Income Tax Act; Section 43(6) Stands Alone.

May 1, 2021

Case Laws Income Tax AT

Depreciation by adopting the stamp value as per the provision of Section 50C - As per the scheme of the provision of Section 32 r.w.s 43(6) of the Act, which is a self contained scheme to compute the amount of deprecation allowable under the Act. According to our view, the reference to section 48 of the Act or the termful value of consideration are absent. Therefore, even otherwise, these two sections are not applicable in section 43(6) - AT

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Depreciation by adopting the stamp value as per the provision of ...

Clarification on Depreciation Calculation Using Stamp Value u/s 50C of Income Tax Act; Section 43(6) Stands Alone.

May 1, 2021

Case Laws Income Tax AT

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