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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Section 54E does not make any distinction between depreciable ...

Case Laws     Income Tax

November 20, 2013

Section 54E does not make any distinction between depreciable asset and non-depreciable asset and, therefore, the exemption available to the depreciable asset under Section 54E cannot be denied by referring to the fiction created u/s 50 - HC

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