https://www.taxtmi.com/caselaws?id=198149 HC upheld the Tribunal's allowance of the taxpayer's claim for exemption under s.54EC despite s.50 treating depreciation-related long-term gains as short-term for computation; the court held the deeming fiction in s.50 is confined to that section and does not negate entitlement to s.54EC relief. The Revenue's appeal was dismissed and no costs were awarded. en-us Wed, 13 Mar 2013 00:00:00 +0530 Wed, 15 Oct 2025 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198149 HC upheld the Tribunal's allowance of the taxpayer's claim for exemption under s.54EC despite s.50 treating depreciation-related long-term gains as short-term for computation; the court held the deeming fiction in s.50 is confined to that section and does not negate entitlement to s.54EC relief. The Revenue's appeal was dismissed and no costs were awarded. Case-Laws Income Tax Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198149