https://www.taxtmi.com/caselaws?id=10328 The High Court affirmed the Tribunal's decision that the written down value of transferred assets in an amalgamation should be calculated without reducing unabsorbed depreciation from earlier years. The court relied on the interpretation of section 43(6) along with Explanations 2A and 3, following a similar precedent set by the Bombay High Court. This ruling clarified the application of relevant provisions, ensuring consistency in the treatment of depreciation in such transactions. en-us Mon, 15 Mar 2004 00:00:00 +0530 Mon, 13 Jul 2009 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10328 The High Court affirmed the Tribunal's decision that the written down value of transferred assets in an amalgamation should be calculated without reducing unabsorbed depreciation from earlier years. The court relied on the interpretation of section 43(6) along with Explanations 2A and 3, following a similar precedent set by the Bombay High Court. This ruling clarified the application of relevant provisions, ensuring consistency in the treatment of depreciation in such transactions. Case-Laws Income Tax Mon, 15 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10328