Meaning of written down value, adjusted value of assets, etc.

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....ts at the close of the immediately preceding financial year. (2) The written down value of the block of assets at the close of the immediately preceding financial year shall be the adjusted value of the block of assets in the immediately preceding financial year as reduced by,-     (a) the amount of capital allowance, if any, allowed under section 35 during that year; and &....

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....med written down value of the assets transferred by any of the modes referred to in sub-section (3) of section 42. (4) The adjusted value of any block of asset under sub-section (3) shall be 'nil' if the amount (C+D+E) exceeds the amount (A+B); or (5) The adjusted value of the block of assets acquired by a successor in a business reorganisation for the financial year in which the business re....

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....en down value of a block of asset comprising of any asset acquired in any financial year from a country outside India for the purposes of business shall be computed in accordance with the formula - (A+B) - (C+D+E) Where A = the written down value of the block of asset comprising of any asset acquired in any financial year from a country outside India as determined in accordance with....

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....ase where the assessee has entered into a forward contract, be computed with reference to the rate of exchange specified in such forward contract. (9) The Board may prescribe-     (a) the method of determining the written down value or the adjusted written down value of the block of assets as on the first day of the first financial year;     (b) the method of....