https://www.taxtmi.com/caselaws?id=170836 Initial depreciation on a newly erected factory building under section 10(2)(vi) is available only when the building is used for the purposes of a business actually carried on in the relevant year. Preparatory or pre-production activities, by themselves, do not amount to carrying on the manufacturing business or to qualifying use of the building for that business. A separate selling activity does not, without more, link the factory building to the business for which depreciation is claimed. On that reasoning, the assessee was not entitled to the allowance for the accounting year. en-us Wed, 12 Sep 1956 00:00:00 +0530 Fri, 19 Jun 2015 16:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170836 Initial depreciation on a newly erected factory building under section 10(2)(vi) is available only when the building is used for the purposes of a business actually carried on in the relevant year. Preparatory or pre-production activities, by themselves, do not amount to carrying on the manufacturing business or to qualifying use of the building for that business. A separate selling activity does not, without more, link the factory building to the business for which depreciation is claimed. On that reasoning, the assessee was not entitled to the allowance for the accounting year. Case-Laws Income Tax Wed, 12 Sep 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170836