https://www.taxtmi.com/forum/issue?id=1677 Whether a taxpayer who sold a depreciable immovable and claimed depreciation can claim reinvestment exemption under section 54EC depends on the deeming effect of section 50 treating gains as short term, potentially precluding exemption; a cited High Court decision on an analogous reinvestment provision suggests exemption may still be available where reinvestment conditions are met. en-us Sat, 02 Jan 2010 11:09:48 +0530 Thu, 23 Jan 2025 15:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1677 Whether a taxpayer who sold a depreciable immovable and claimed depreciation can claim reinvestment exemption under section 54EC depends on the deeming effect of section 50 treating gains as short term, potentially precluding exemption; a cited High Court decision on an analogous reinvestment provision suggests exemption may still be available where reinvestment conditions are met. Discussion-Forum Income Tax Sat, 02 Jan 2010 11:09:48 +0530 https://www.taxtmi.com/forum/issue?id=1677