Provisions of sec. 50 couldn't be invoked on sale of plot of land as assessee never claimed depreciation on it

INCOME TAX : Where assessee sold plots of land and declared LTCG, however, a reopening notice was issued on ground that plots of land sold by assessee were included in block of assets on which depreciation was charged and sale consideration was more than WDV of block of assets, thus, such excess was to be taxed as short-term capital gain under section 50, since all information regarding LTCG

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