Section 49 : Disposal through allocation of incomes and expenses

1) Any person shall, in the following circumstances, allocate the expenses or incomes made in acquiring, bearing or disposing of any property or liability between properties and liabilities on the basis of the market value at the time of acquisition, bearing or disposal, as the case may be:-

a) Where one or more properties are acquired, or one or more liabilities are assumed at the same time,

b) Where one or more properties or liabilities are disposed of at the same time.

2) If any person who holds ownership of any property or bears any liability disposes of any part of that property or liability, the net expenses or net incomes of that property or liability immediately before the disposal has to be allocated in the portion of the disposed property or liability and in the remaining portion, as the case may be, on the basis of the market value thereof immediately after the disposal.