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

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" New post on Gupta Chandan & Associates Depreciation on assets acquired under slump sale is to be computed in accordance with 5th proviso to sec. 32 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 under slump sale, depreciation on WDV of assets taken over by it from transferor […] Read more of this post March 4, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-157 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/depreciation-on-assets-acquired-under-slump-sale-is-to-be-computed-in-accordance-with-5th-proviso-to-sec-32/

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" New post on Gupta Chandan & Associates Intangible assets acquired during business takeover eligible for dep. even if particulars not disclosed in agreement 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 intangible assets were not disclosedINCOME TAX : Where Assessing Officer himself found that goodwill was calculated and allotted […] Read more of this post March 4, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-156 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/intangible-assets-acquired-during-business-takeover-eligible-for-dep-even-if-particulars-not-disclosed-in-agreement/