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2011 (8) TMI 360 - HC - Income Tax100% export undertaking - Computation of Capital gain in the case of depreciable assets sub section 2 of Section 50 - whether on the expiry of the period mentioned under Section 10B, the block of assets viz., plant and machineries, of the industry, are available for working out the relief under Section 50(2) - Held that:- So long as the assets are found to fall under the same depreciation, they fit in into the concept of block of assets for the purpose of Section 50(2) of the Act - On the mere score that the assessee was once 100% export undertaking, the assessee could not be denied of the benefit otherwise available to the assessee on the block of assets on the expiry of tax holiday period for the purpose of the working of capital gains under Section 50(2) - Decided in favour of assessee.
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