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HC quashed assessment order as assessee-company was amalgated with another co. during pendency of proceedings
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Corporate Tax
HC quashed assessment order as assessee-company was amalgated with another co. during pendency of proceedings
Posted on
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October 24, 2017
Tenet Tax Daily October 23 2017
By
tenettax-team
Corporate Tax
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Mere allotment of PAN won’t make allottee a separate entity for purpose of tax assessment
Tangible and intangible assets having same rate of depreciation were to be included in same block of assets