Depreciation and lay-up costs disallowed as asset not used for business in the previous year.

Depreciation and lay-up costs disallowed as asset not used for business in the previous year. https://www.taxtmi.com/highlights?id=4860 Depreciation - asset concerned was not actually used for the purpose of business during the relevant previous year – Disallowance of lay up cost - AT en-us Sat, 18 Aug 2012 13:16:01 +0530 Sat, 18 Aug 2012 13:16:01 +0530 TaxTMI RSS Generator Depreciation and lay-up costs disallowed as asset not used for business in the previous year. https://www.taxtmi.com/highlights?id=4860 Depreciation - asset concerned was not actually used for the purpose of business during the relevant previous year – Disallowance of lay up cost - AT Highlights Income Tax Sat, 18 Aug 2012 13:16:01 +0530 https://www.taxtmi.com/highlights?id=4860