ACIT v ETC Industries Ltd. [2012] 21 taxmann.com 457 (Indore – Trib.) The deeming fiction created in section 50 modifies the provisions of section 48 only to the extent of modifying the term ‘cost of acquisition’. Section 50C – Stamp duty valuation applies to both – depreciable and non-depreciable assetsMay 24, 2012 in Capital Gains tagged 50C / capital gains by Rushabh Sheth