https://www.taxtmi.com/forum/issue?id=2044 Depreciation is allowable if an asset is used for the purpose of business or profession during any part of the previous year; continuous use is not necessary. When assets form part of a block of assets and depreciation is allowed on that block, the entitlement applies to the block as a whole and cannot be denied for an individual asset that was unused in some years. Standby or idle machinery kept ready for use may be regarded as used; distinctions among idle, unused, not usable or discarded items depend on facts and circumstances and application of active and passive tests. en-us Wed, 07 Jul 2010 21:35:38 +0530 Thu, 23 Jan 2025 15:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2044 Depreciation is allowable if an asset is used for the purpose of business or profession during any part of the previous year; continuous use is not necessary. When assets form part of a block of assets and depreciation is allowed on that block, the entitlement applies to the block as a whole and cannot be denied for an individual asset that was unused in some years. Standby or idle machinery kept ready for use may be regarded as used; distinctions among idle, unused, not usable or discarded items depend on facts and circumstances and application of active and passive tests. Discussion-Forum Income Tax Wed, 07 Jul 2010 21:35:38 +0530 https://www.taxtmi.com/forum/issue?id=2044