The assessee is a company having a separate division of investment and finance and also a windmill…the said company transferred the said business as a going concern w.e.f 1-10-2005 to a partnership firm via partnership route…the assessee claimed six month depreciation on the windmill in its return and the balance six month depreciation is claimed…
When Can Two Person Claim Depreciation During the Same Year On Assets Transferred By One To Other ?
December 17, 2008 by



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