If there is a factory building on which depreciation has been claimed and allowed regularly is sold after holding for 10 years as per the provisions of s. 50 it would be a case of Short Term Capital Gain. Can the assessee invest the gain in Bonds u/s 54EC to take benefit ?
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Sale of Depreciable asset - Depreciation and Capital Gain.
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If there is a factory building on which depreciation has been claimed and allowed regularly is sold after holding for 10 years as per the provisions of s. 50 it would be a case of Short Term Capital Gain. Can the assessee invest the gain in Bonds u/s 54EC to take benefit ?
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