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HC remanded matter to allow dep. on unidentifiable assets received during amalgamation as per auditor's report

October 22, 2019[2019] 111 taxmann.com 492 (Allahabad)/[2020] 268 Taxman 132 (Allahabad)

INCOME TAX : Where erstwhile company was divided and assessee-new company received assets under related amalgamation scheme and Assessing Officer disallowed depreciation on assets as they were unidentifiable, Auditor's Report received subsequently, which provided itemwise opening balance, was to be taken into consideration for fresh computation of depreciation

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