https://www.taxtmi.com/acts?id=11273 The amendment inserts clause (xiiib) into the fifth proviso of section 32(1) to provide that where a private company or unlisted public company is succeeded by a limited liability partnership, the aggregate depreciation allowable to the predecessor company and the successor LLP in any previous year shall not exceed the deduction computed at the prescribed rate as if no succession had taken place, with apportionment between entities as previously provided. en-us Fri, 26 Feb 2010 19:30:48 +0530 Fri, 26 Feb 2010 19:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11273 The amendment inserts clause (xiiib) into the fifth proviso of section 32(1) to provide that where a private company or unlisted public company is succeeded by a limited liability partnership, the aggregate depreciation allowable to the predecessor company and the successor LLP in any previous year shall not exceed the deduction computed at the prescribed rate as if no succession had taken place, with apportionment between entities as previously provided. Act-Rules Bills Fri, 26 Feb 2010 19:30:48 +0530 https://www.taxtmi.com/acts?id=11273