https://www.taxtmi.com/caselaws?id=122559 The Tribunal allowed the appeal, granting the claimed depreciation on the assets of the closed Surat division. The Tribunal interpreted the term "used" in a broader sense under the block system, emphasizing that assets in the block remain eligible for depreciation even if not actively used. The closure of the Surat division did not disqualify the assets from depreciation as they were part of the block used for business purposes. en-us Thu, 17 Dec 2009 00:00:00 +0530 Thu, 24 Aug 2023 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122559 The Tribunal allowed the appeal, granting the claimed depreciation on the assets of the closed Surat division. The Tribunal interpreted the term "used" in a broader sense under the block system, emphasizing that assets in the block remain eligible for depreciation even if not actively used. The closure of the Surat division did not disqualify the assets from depreciation as they were part of the block used for business purposes. Case-Laws Income Tax Thu, 17 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122559