Appeal admitted on Section 50C application for depreciable assets under Income Tax Act

The High Court of Calcutta admitted an appeal regarding the application of Section 50C to depreciable assets under Section 50 of the Income Tax Act, 1961. The stay application was disposed of, and the appellant was directed to file the paper book within three months. Notice of the appeal was to be issued to the respondent, and a certified copy of the order would be provided upon request.

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The High Court of Calcutta admitted an appeal regarding the application of Section 50C to depreciable assets under Section 50 of the Income Tax Act, 1961. The stay application was disposed of, and the appellant was directed to file the paper book within three months. Notice of the appeal was to be issued to the respondent, and a certified copy of the order would be provided upon request.

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