capital gain

In a recent judgement,1 the Supreme Court (SC) held that capital gainarising on sale of depreciable assetheld for more than 36 months, though deemed to be taxable as short-termcapital gain under section 50 of the Income-tax Act, 1961 (the Act), was eligible to claim the exemption under section 54E of the Act.

if the sale consideration of truck is more than opening wdv of truck and the block of assets ceased to exist after the sale of that truck, then will be stcg...