Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Determining Asset Value: Adjustments via Capital Allowances, Acquisition Costs, and Disposal Proceeds Explained in Business Context</h1> The written down value of a block of assets at the start of a financial year is the value at the end of the previous year. This value is adjusted by subtracting capital allowances and acquisition costs allowed as deductions. The adjusted value is calculated using a formula that considers the initial value, acquisition costs, and proceeds from asset disposals. If the sum of disposals and other factors exceeds the initial value and acquisitions, the adjusted value is nil. In business reorganizations, the adjusted value is determined as if the reorganization had not occurred. Adjustments for foreign acquisitions consider currency variations and liabilities. The Board may prescribe methods for allocation and determination of values in unspecified circumstances.
TaxTMI 
TaxTMI 
