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        F. Acts / Amendment Acts

        Section 19 - Amendment of section 43

        Finance Act, 2000
        Chapter III
        DIRECT TAXES
        INCOME-TAX

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        Written down value replaces book value for asset valuation, altering depreciation and transfer accounting in income-tax law. Amendment replaces book value with written down value for asset valuation under clause (6) of section 43: Explanation 2A now specifies written down value of the assets; Explanation 2B now specifies written down value of the transferred assets as appearing in the books of account; and the proviso to Explanation 2B is omitted.
                          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.

                                Written down value replaces book value for asset valuation, altering depreciation and transfer accounting in income-tax law.

                                Amendment replaces book value with written down value for asset valuation under clause (6) of section 43: Explanation 2A now specifies written down value of the assets; Explanation 2B now specifies written down value of the transferred assets as appearing in the books of account; and the proviso to Explanation 2B is omitted.


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