I have sold a building used for business which was depreciable and the depreciation is claimed by me on the same. Am I eligible for benefits under section 54EC?

I have sold a building used for business which was depreciable and the depreciation is claimed by me on the same. Am I eligible for benefits under section 54EC?

Yes. If you have held the asset beyond a period of five years, you are eligible to claim benefits even though the depreciation on the same was claimed by you. This view is supported by numerous decisions of higher judiciary.