19 September 2023
In case of a slump sale of a business unit of X limited(seller) to Y limited(buyer), what should be the block value of the assets taken over by Y limited for the purpose of computing depreciation under Income tax act? (Let us assume for Sch III balance sheet purpose assets and liabilities are taken over at book value of X limited(seller)ie; at book value as per Sch III of X Ltd)
CAclubindia
