Capital gain tax on sale of commercial property

" I also wanted to know if one sells a commercial property e.g. a Shop and immediately buys another shop of approx the same value then is liable to pay the capital gain tax?"

As exemption is not available for any investment in shop (but only for residential property), tax liability remains intact.

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Hello, can you please share the case law in which it has been ruled that for the business asset held for more than 36 months, the indexation should be given

One more thing, I also wanted to know how to compute capital gain of depreciable business asset, Can someone please help in this regard?

Yes, capital gains of 15.00 ----  9.50 L ie. Rs. 5.50 lakhs is taxable..... as investment in any commercial property do not avail any exemption in LTCG.