https://www.taxtmi.com/acts?id=51572 The provision defines written down value for computing business income, distinguishing assets acquired in the tax year, assets acquired earlier, and blocks of assets calculated by a formula reflecting prior block value, additions, disposals (capped), and depreciation actually allowed; it deems depreciation carryforwards as depreciation actually allowed. Specific corporate events-holding-subsidiary transfers, amalgamation, demerger, conversion to limited liability partnership, corporatisation transfers, and succession-preserve or fix written down value or actual cost in the hands of the transferee or resulting entity corresponding to the transferor's immediately preceding tax-year position, with adjustments for revaluations and book depreciation where the assessee did not compute prior-year income. en-us Wed, 13 Aug 2025 18:51:58 +0530 Wed, 03 Sep 2025 16:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51572 The provision defines written down value for computing business income, distinguishing assets acquired in the tax year, assets acquired earlier, and blocks of assets calculated by a formula reflecting prior block value, additions, disposals (capped), and depreciation actually allowed; it deems depreciation carryforwards as depreciation actually allowed. Specific corporate events-holding-subsidiary transfers, amalgamation, demerger, conversion to limited liability partnership, corporatisation transfers, and succession-preserve or fix written down value or actual cost in the hands of the transferee or resulting entity corresponding to the transferor's immediately preceding tax-year position, with adjustments for revaluations and book depreciation where the assessee did not compute prior-year income. Act-Rules Income Tax Wed, 13 Aug 2025 18:51:58 +0530 https://www.taxtmi.com/acts?id=51572