https://www.taxtmi.com/acts?id=45844 When a capital asset is transferred between a holding company and its subsidiary and the prescribed conditions for non recognition treatment are satisfied, the transferee must adopt the same actual cost as if the transferor had continued to hold the asset; for depreciable assets the transferee must adopt the same written down value as would have obtained had the transferor continued to hold the asset for business purposes. en-us Wed, 04 Dec 2024 16:35:02 +0530 Fri, 16 May 2025 14:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45844 When a capital asset is transferred between a holding company and its subsidiary and the prescribed conditions for non recognition treatment are satisfied, the transferee must adopt the same actual cost as if the transferor had continued to hold the asset; for depreciable assets the transferee must adopt the same written down value as would have obtained had the transferor continued to hold the asset for business purposes. Act-Rules F. Acts / Amendment Acts Wed, 04 Dec 2024 16:35:02 +0530 https://www.taxtmi.com/acts?id=45844