Section 54E Tax Benefit Applies to Sale of Depreciable Assets, Regardless of Capital Gains Computation Method.

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....Exemption u/s 54EC - sale of depreciable assets - the benefit of Section 54E will be available to the assessee irrespective of the fact that the computation of capital gains is done either u/s. 48 and 49 or u/s. 50. - HC....