Amalgamation Depreciation: Calculate WDV for Amalgamated Company Excluding Unabsorbed Depreciation from Amalgamating Companies.

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....Disallowances of depreciation - increased WDV of assets transferred on amalgamation - The WDV in the hands of the amalgamated company was to be calculated without considering the unabsorbed depreciation of the amalgamating companies, for which set off was never allowed.....