https://www.taxtmi.com/highlights?id=15930 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 en-us Wed, 20 Nov 2013 19:11:19 +0530 Wed, 20 Nov 2013 19:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=15930 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 Highlights Income Tax Wed, 20 Nov 2013 19:11:19 +0530 https://www.taxtmi.com/highlights?id=15930