§75
Section 75 — Special provision for cost of acquisition in case of depreciable asset
In plain terms: This section says that where depreciation was obtained on a capital asset under section 33(2), the written-down value of the asset (as defined in section 41, adjusted) is taken as its cost of acquisition for capital gains.
If depreciation has been obtained under section 33(2) for a capital asset in any tax year, the provisions of sections 72 and 73 shall apply subject to the modification that the written down value, as defined in section 41, of the asset, as adjusted, shall be taken as the cost of acquisition of the asset.