Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Cost of acquisition rule: written down value used for depreciable assets, altering capital gains computation. Where an asset on which depreciation was claimed is a capital asset, the written down value, as defined in clause (6) of section 43 and as adjusted, shall be taken as the cost of acquisition for computing capital gains, thereby modifying the usual application of the capital gains provisions.
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.
Cost of acquisition rule: written down value used for depreciable assets, altering capital gains computation.
Where an asset on which depreciation was claimed is a capital asset, the written down value, as defined in clause (6) of section 43 and as adjusted, shall be taken as the cost of acquisition for computing capital gains, thereby modifying the usual application of the capital gains provisions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.