Special provision for cost of acquisition in case of depreciable asset.50A.
Where the capital asset
is an asset in respect of which a deduction on account of depreciation under clause (i
) of sub-section (1) of section 32
has been obtained by the assessee
in any previous year, the provisions of sections 48
shall apply subject to the modification that the written down value, as defined in clause (6
) of section 43
, of the asset, as adjusted, shall be taken as the cost of acquisition of the asset.