Web- Research on carry forward of unabsorbed depreciation in a case of amalgamation. ... - Prepared case note on recent landmark judgments … WebJan 27, 2024 · Unabsorbed depreciation is the part of depreciation that the assessee fails to claim as an expense in his/her Income Tax Return due to insufficient profits during that year. The Income Tax Act, 1961 allows set-off of such unabsorbed depreciation against any other head of income and the remaining amount can be carried forward to …

Depreciation on Goodwill arising out of Amalgamation: …

Webthe depreciation claim on goodwill arising on amalgamation, allowed it in the second year on the “principle of consistency”, as the claim was not disallowed in the first year of … The concept of depreciation is used for the purpose of writing off the cost of an asset over its useful life. Depreciation is a mandatory deduction … See more Depreciation is calculated on the WDV of a Block of assets. Block of assets is a group of assets falling within a class of assets comprising of: … See more As per Section 32(1) of the IT Act depreciation should be computed at the prescribed percentage on the WDV of the asset, which in turn is calculated with reference to the actual cost of the assets. In the context of … See more different types of promotional activities

Tribunal allows depreciation on claim is not …

WebDepreciation to amalgamated company and amalgamating company in the year of amalgamation and depreciation to demerged company and the resulting company in … WebApr 7, 2024 · The SC held that whether corporate death of an entity upon amalgamation per se invalidates an assessment order ordinarily cannot be determined on bare … WebDepreciation on assets acquired on slump sale cannot exceed depreciation available to transferee and consideration exceeding cost of assets acquired qualifies as … different types of propane