https://www.taxtmi.com/highlights?id=31528 Section 54E does not make any distinction between depreciable asset and non-depreciable asset and, therefore, the exemption available to the depreciable asset u/s 54E cannot be denied by referring to the fiction created u/s 50 - SC en-us Mon, 03 Oct 2016 00:09:10 +0530 Mon, 03 Oct 2016 00:09:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31528 Section 54E does not make any distinction between depreciable asset and non-depreciable asset and, therefore, the exemption available to the depreciable asset u/s 54E cannot be denied by referring to the fiction created u/s 50 - SC Highlights Income Tax Mon, 03 Oct 2016 00:09:10 +0530 https://www.taxtmi.com/highlights?id=31528