https://www.taxtmi.com/acts?id=45965 Where, in a scheme of amalgamation, any capital asset is transferred by the amalgamating company to the amalgamated company and the amalgamated company is an Indian company, the actual cost of the transferred capital asset to the amalgamated company shall be taken to be the same as it would have been if the amalgamating company had continued to hold the capital asset for the purposes of its own business; correspondingly, the written down value of the transferred capital asset to the amalgamated company shall be taken to be the same as it would have been if the amalgamating company had continued to hold the capital asset for the purposes of its business. en-us Mon, 09 Dec 2024 21:36:36 +0530 Mon, 09 Dec 2024 21:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45965 Where, in a scheme of amalgamation, any capital asset is transferred by the amalgamating company to the amalgamated company and the amalgamated company is an Indian company, the actual cost of the transferred capital asset to the amalgamated company shall be taken to be the same as it would have been if the amalgamating company had continued to hold the capital asset for the purposes of its own business; correspondingly, the written down value of the transferred capital asset to the amalgamated company shall be taken to be the same as it would have been if the amalgamating company had continued to hold the capital asset for the purposes of its business. Act-Rules F. Acts / Amendment Acts Mon, 09 Dec 2024 21:36:36 +0530 https://www.taxtmi.com/acts?id=45965