Assessing Officer Fails to Clarify Asset Transfer as Demerger u/s 2(19AA) of the Income Tax Act.

Assessing Officer Fails to Clarify Asset Transfer as Demerger u/s 2(19AA) of the Income Tax Act. https://www.taxtmi.com/highlights?id=58135 Disallowance on depreciation claimed on assets of transmission business - AO failed to explicate as to how the transfer would fall within the meaning of demerger as given under section 2(19AA) and as how all the condition specified under section 2(19AA) of the Act were satisfied. - AT en-us Thu, 27 May 2021 12:15:00 +0530 Thu, 27 May 2021 12:15:00 +0530 TaxTMI RSS Generator Assessing Officer Fails to Clarify Asset Transfer as Demerger u/s 2(19AA) of the Income Tax Act. https://www.taxtmi.com/highlights?id=58135 Disallowance on depreciation claimed on assets of transmission business - AO failed to explicate as to how the transfer would fall within the meaning of demerger as given under section 2(19AA) and as how all the condition specified under section 2(19AA) of the Act were satisfied. - AT Highlights Income Tax Thu, 27 May 2021 12:15:00 +0530 https://www.taxtmi.com/highlights?id=58135