Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI • Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions • Judicial precedents and Supreme Court, High Court and other citations • Issue-wise legal analysis • Practical arguments and supporting content • Professionally structured draft ready for further review.
Capital allowance allocation pro rata between predecessor and successor upon intra year business reorganisation under section 35 framework. When business reorganisation occurs during a financial year, the capital allowance deduction referred to in section 35 is apportioned pro rata: the predecessor's share equals the full-year deduction multiplied by the days from the first day of the financial year to the day before reorganisation divided by total days in the year; the successor's share equals the full-year deduction multiplied by the days from the date of reorganisation to the last day of the financial year divided by total days in the year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital allowance allocation pro rata between predecessor and successor upon intra year business reorganisation under section 35 framework.
When business reorganisation occurs during a financial year, the capital allowance deduction referred to in section 35 is apportioned pro rata: the predecessor's share equals the full-year deduction multiplied by the days from the first day of the financial year to the day before reorganisation divided by total days in the year; the successor's share equals the full-year deduction multiplied by the days from the date of reorganisation to the last day of the financial year divided by total days in the year.
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