Loss on sale of depreciable asset

 If WDV is positive and no asset exists in the block then such amount will be treated as short term capital loss.

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If the whole of the capital assets forming part of a block of assets have been sold during a year and the assessee has suffered a loss after deducting the net sale consideration from the written down value of the block of assets then such loss shall be treated as short term capital loss and no depreciation shall be allowed from such block of assets.