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Thursday, 4 March 2021

Daily digest for Gupta Chandan & Associates, on March 4, 2021

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posted: "INCOME TAX : Where assessee purchased an undertaking under slump sale, depreciation on WDV of assets taken over by it from transferor company was to be computed as per fifth proviso to section 32(1)INCOME TAX : Where assessee purchased an undertaking unde"
posted: "INCOME TAX : Where Assessing Officer himself found that goodwill was calculated and allotted to intangible assets acquired during takeover, assessee would be entitled to claim depreciation on such intangible assets, even if particulars related to acquired"

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