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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Depreciation in the case of succession - when the assessee ...


Assessee Entitled to Apportioned Depreciation on Transferring B Unit to 100% Subsidiary u/s 32(1) of Income Tax Act.

December 31, 2012

Case Laws     Income Tax     HC

Depreciation in the case of succession - when the assessee transferred its B Unit to the 100% subsidiary company, it was entitled to claim depreciation apportioned in terms of what is provided for under the fourth proviso to Section 32(1) - HC

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