Slump Sale - Depreciation to seller

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'A' is transferring its business consisting of only one undertaking to 'B' as a going concern on a slump sale basis on 31-07-2010.
For the 4 months period 'A' is doing its business and it would have to file its return of income for these four months.
Would 'A' be entitled to any depreciation in its return of income?
 
Replies (1)

No Depreciation will be allowed in such case.

 

Regards,

Devendra K


CCI Pro

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