Case Law Details
Case Name : ACIT Vs Baxter Pharmaceuticals India Private Limited (Supreme Court of India)
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Supreme Court of India
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ACIT Vs Baxter Pharmaceuticals India Private Limited (Supreme Court of India)
The dispute arose from notices issued under Section 148 of the Income Tax Act, 1961, seeking to reopen completed assessments for Assessment Years 2015-16, 2016-17, and 2017-18. The reopening was initiated more than four years after completion of regular scrutiny assessments under Section 143(3).
For AY 2015-16, the assessee had filed its return declaring losses and paid tax under Section 115JB on book profits. During the original scruti
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Sir
In case of slump sale when the value in the books of seller is not to be considered, then at what rate depreciation is to be charged in the books of the purchaser for future period after date of purchase?