Statutory cross references updated: clause (a) of section 55 now expressly cites expanded depreciation and adjustment sub provisions. The amendment broadens clause (a) of sub section (1) of section 55 by substituting its existing cross references with expanded references that expressly include an additional clause within the depreciation provisions and an additional sub section in the provisions governing adjustments, so that those specific sub provisions are brought within the scope of section 55 for computing capital gains and related tax consequences.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statutory cross references updated: clause (a) of section 55 now expressly cites expanded depreciation and adjustment sub provisions.
The amendment broadens clause (a) of sub section (1) of section 55 by substituting its existing cross references with expanded references that expressly include an additional clause within the depreciation provisions and an additional sub section in the provisions governing adjustments, so that those specific sub provisions are brought within the scope of section 55 for computing capital gains and related tax consequences.
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