https://www.taxtmi.com/caselaws?id=67456 The Tribunal held that the cost of assets introduced in the firm remains unchanged unless a sale occurs, rejecting the claim that liabilities taken over increase the cost. The decision was based on a thorough analysis of relevant provisions and case law, ultimately upholding the ITO's assessment and overturning the Commissioner (Appeals) decision. The written down value was determined to be Rs. 76,931. en-us Thu, 30 Oct 1986 00:00:00 +0530 Thu, 10 Mar 2011 16:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67456 The Tribunal held that the cost of assets introduced in the firm remains unchanged unless a sale occurs, rejecting the claim that liabilities taken over increase the cost. The decision was based on a thorough analysis of relevant provisions and case law, ultimately upholding the ITO's assessment and overturning the Commissioner (Appeals) decision. The written down value was determined to be Rs. 76,931. Case-Laws Income Tax Thu, 30 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67456