https://www.taxtmi.com/caselaws?id=173955 Depreciation under Section 10(2)(vi) of the Income-tax Act, 1922 required actual user of the buildings, machinery, plant and furniture during the relevant year. Mere maintenance of the assets for business, or their availability for use, did not satisfy the statutory phrase "used for the purposes of the business". Because the factory and machinery remained idle throughout the year, the condition for depreciation was not met and the allowance was denied. en-us Mon, 15 Jul 1935 00:00:00 +0530 Fri, 25 Sep 2015 12:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173955 Depreciation under Section 10(2)(vi) of the Income-tax Act, 1922 required actual user of the buildings, machinery, plant and furniture during the relevant year. Mere maintenance of the assets for business, or their availability for use, did not satisfy the statutory phrase "used for the purposes of the business". Because the factory and machinery remained idle throughout the year, the condition for depreciation was not met and the allowance was denied. Case-Laws Income Tax Mon, 15 Jul 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173955