Disallowance of depreciation allowance - WDV - plant and ...

Depreciation Can't Be Denied for Unused Assets in a Block, Even if Not Used Every Year.

September 8, 2022

Case Laws Income Tax AT

Disallowance of depreciation allowance - WDV - plant and machinery were not used during the year due to change in business model - nce an asset is part of the block of assets and depreciation is granted on that block, it cannot be denied in subsequent years on the ground that one of the assets is not used by the assessee in some of the years. The concept of user of assets has to apply on the block of assets as a whole instead of an individual asset. - AT

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Disallowance of depreciation allowance - WDV - plant and ...

Depreciation Can't Be Denied for Unused Assets in a Block, Even if Not Used Every Year.

September 8, 2022

Case Laws Income Tax AT

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