2013 (1) TMI 971

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..... stions of law has been proposed for our consideration :- (a) Whether on the facts and in the circumstances of the case and in law, the ITAT is justified in confirming the decision of CIT(A) in allowing exemption u/s.54EC from the short term capital gain computed u/s.50 on the depreciable assets and has failed to appreciate that, as per provisions of Section 54EC, the exemption is available only .....

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