https://www.taxtmi.com/caselaws?id=174981 Entitlement to full depreciation under Section 10(2)(vi) turns on whether the asset is "used for the purposes of the business"; the term "used" includes passive or idle availability in furtherance of business, so machinery kept ready or unused at times may still qualify. Section 10(3) limits allowance only where the asset is used for non business purposes, not merely because it was not operated throughout the year. Applying that construction, the assessee is entitled to full depreciation and the Tribunal's allowance is upheld. en-us Wed, 15 Aug 1945 00:00:00 +0630 Mon, 02 Nov 2015 12:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174981 Entitlement to full depreciation under Section 10(2)(vi) turns on whether the asset is "used for the purposes of the business"; the term "used" includes passive or idle availability in furtherance of business, so machinery kept ready or unused at times may still qualify. Section 10(3) limits allowance only where the asset is used for non business purposes, not merely because it was not operated throughout the year. Applying that construction, the assessee is entitled to full depreciation and the Tribunal's allowance is upheld. Case-Laws Income Tax Wed, 15 Aug 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=174981