Tag Archives: Jio Platforms Ltd.

Opening WDV depreciation, advance subscription revenue, and inherited slump sale interest cannot be disallowed. Issue Depreciation on Intangibles: Whether depreciation can be denied on the opening Written Down Value (WDV) of a block of intangible assets under Section 43(6)(c) when it was duly examined and allowed in the preceding assessment year. Accrual of Advance Revenue:… Read More »

Disallowance of Intangible Asset Depreciation on Opening WDV, Unearned Advance Subscription Revenue, and Interest on Inherited Slump-Sale Borrowings Is Impermissible Without Rebuttal or Finding of Unreasonableness Disallowance of Intangible Asset Depreciation on Opening WDV, Unearned Advance Subscription Revenue, and Interest on Inherited Slump-Sale Borrowings Is Impermissible Without Rebuttal or Finding of Unreasonableness Issue Whether depreciation… Read More »