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COMMISSIONER OF INCOME-TAX versus POULOSE AND MATHEN (PVT.) LTD.

Depreciation Real Cost Estimation Company Partner, consisting of seven partners Other eight partners in the Equity Company shareholding of the claimant firm on the increased cost of the assets and liabilities granted by the shareholder company and dissolution of the termination firm. And the purpose of the transfer was to reduce the tax liability by claiming depreciation at the rising cost of assets to the asset and liability company. Explanation 3 of section 43 (1) was attracted to the transaction in which the increase was not entitled to depreciation on assets taken under the Indian Income Tax Act, 1961, section 32. Explain & 43 (1), 3 inheritance advocates near Shaheed Benazirabad lawyer