As the past years balance sheets have already been audit and submitted to various statutory authorities, depreciation under Companies Act was not taken by the Company and hence depreciation being "0", now Company cannot take the benefit of lower of Book Loss or Depreciation.
T R SOOD & CO
New Delhi
CA Inter
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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CAclubindia
