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Amendment of section 50B

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Full Text of the Document

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.... Act, for the Explanation, the following Explanations shall be substituted, namely:- 'Explanation 1 : For the purposes of this section, "net worth" shall be the aggregate value of total a....

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Full Text of the Document

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....- (a) in the case of depreciable assets, the written down value of the block of assets determined in accordance with the provisions contained in sub-item (C) of item (i) of sub-clause (c) of ....

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