Assessee Qualifies for Deduction on Short-Term Capital Gain from Depreciated Asset Transfer u/ss 54E and 50.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Assessee is entitled to deduction u/s 54E in respect of the capital gain arising on the transfer of a capital asset on which depreciation has been allowed and which is deemed as short-term capital gain u/s 50....