Depreciation on leased medical instruments disallowed post-business closure; "used" includes ready-for-use status, allowing passive use. https://www.taxtmi.com/highlights?id=7218 Depreciation disallowed on medical instruments given on lease due to closure of business - The word 'used' would include actual use or at least keep ready for use - depreciation allowed treated as 'passive' user. - AT en-us Sat, 23 Mar 2013 23:19:06 +0530 Sat, 23 Mar 2013 23:19:06 +0530 TaxTMI RSS Generator Depreciation on leased medical instruments disallowed post-business closure; "used" includes ready-for-use status, allowing passive use. https://www.taxtmi.com/highlights?id=7218 Depreciation disallowed on medical instruments given on lease due to closure of business - The word 'used' would include actual use or at least keep ready for use - depreciation allowed treated as 'passive' user. - AT Highlights Income Tax Sat, 23 Mar 2013 23:19:06 +0530 https://www.taxtmi.com/highlights?id=7218