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Gain from sale of asset was to be taxed u/s 50, though it wasn’t used for business purpose for several years

October 11, 2017[2017] 86 175 (Bombay)/[2017] 251 Taxman 100 (Bombay)/[2018] 404 ITR 548 (Bombay)

IT: Once depreciation has been allowed on an asset, it would remain a business asset and profit earned on sale of said asset would be taxed under section 50

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