Andhra Pradesh H.C : Asset which forms part of block assets, is sold or destroyed in fire accident during relevant year, amount equivalent to its book value is to be reduced from block of assets while computing written down value

High Court Of Andhra Pradesh CIT Vs. Priyadarshini Spinning Mills Ltd. Section 43(6) Assessment Year 1988-89 L. Narasimha Reddy And T. Sunil Chowdary, JJ. Reference Case No. 82 Of 1999 June 12, 2014 JUDGMENT L. Narasimha Reddy, J. – The Finance Act, 1998, brought about substantial changes in the Income-tax Act, particularly, in the regime…

This content is for Annual members only.
Log In Register