https://www.taxtmi.com/acts?id=45957 The amendment inserts an exclusion into the Explanation to clause (iii) of sub section (1) of Section 32 providing that a transfer of any asset in a scheme of amalgamation by the amalgamating company to the amalgamated company is not included where the amalgamated company is an Indian company, thereby narrowing the scope of the referenced provision for depreciation treatment. en-us Mon, 09 Dec 2024 21:25:36 +0530 Mon, 09 Dec 2024 21:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45957 The amendment inserts an exclusion into the Explanation to clause (iii) of sub section (1) of Section 32 providing that a transfer of any asset in a scheme of amalgamation by the amalgamating company to the amalgamated company is not included where the amalgamated company is an Indian company, thereby narrowing the scope of the referenced provision for depreciation treatment. Act-Rules F. Acts / Amendment Acts Mon, 09 Dec 2024 21:25:36 +0530 https://www.taxtmi.com/acts?id=45957