CIT(A) Approves Set-Off of Rs. 1.13 Crores from Depreciable Asset Sale Against Indexed Long-Term Capital Gains.

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....CIT(A) was right on the issue of set off of profit on sale of depreciable assets of ₹ 1.13 crores against long term capital gain which arose to the assessee on indexation method and also allowing brought forward long term capital gain against the said profit on sale of depreciable assets - HC....