https://www.taxtmi.com/acts?id=45961 Where a capital asset is transferred between a holding company and its subsidiary, or between companies in a scheme of amalgamation, and the conditions for tax neutral reorganisation under section 47 are satisfied, the aggregate deduction for depreciation must include the depreciation allowances allowed to the company from which the asset was transferred. en-us Mon, 09 Dec 2024 21:31:09 +0530 Mon, 09 Dec 2024 21:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45961 Where a capital asset is transferred between a holding company and its subsidiary, or between companies in a scheme of amalgamation, and the conditions for tax neutral reorganisation under section 47 are satisfied, the aggregate deduction for depreciation must include the depreciation allowances allowed to the company from which the asset was transferred. Act-Rules F. Acts / Amendment Acts Mon, 09 Dec 2024 21:31:09 +0530 https://www.taxtmi.com/acts?id=45961