https://www.taxtmi.com/news?id=944 Sale proceeds from disposal of fully depreciated low-cost packaging assets purchased before their inclusion in the block-of-assets regime are not taxable as recoupment under the general deeming provision or as a balancing charge; after statutory assimilation into the block regime, such disposals become subject to capital gains treatment under the asset-transfer provisions governing blocks of assets. en-us Mon, 20 Jul 2009 02:27:16 +0530 Mon, 20 Jul 2009 02:27:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=944 Sale proceeds from disposal of fully depreciated low-cost packaging assets purchased before their inclusion in the block-of-assets regime are not taxable as recoupment under the general deeming provision or as a balancing charge; after statutory assimilation into the block regime, such disposals become subject to capital gains treatment under the asset-transfer provisions governing blocks of assets. News - Mon, 20 Jul 2009 02:27:16 +0530 https://www.taxtmi.com/news?id=944