https://www.taxtmi.com/caselaws?id=3752 The Supreme Court dismissed the Civil Appeal filed by the Department concerning the interpretation of the term "used" in Section 32 of the Income Tax Act, 1961. The Court concurred with the Tribunal's findings that the machinery in question was not idle during the relevant period, making it unnecessary to address the broader legal question raised by the Department. The Court clarified that the issue of whether actual use is required for depreciation allowance, in addition to ownership, remains open for future consideration. No specific order as to costs was issued in this judgment. en-us Tue, 22 Apr 2008 00:00:00 +0530 Sun, 06 Feb 2011 02:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3752 The Supreme Court dismissed the Civil Appeal filed by the Department concerning the interpretation of the term "used" in Section 32 of the Income Tax Act, 1961. The Court concurred with the Tribunal's findings that the machinery in question was not idle during the relevant period, making it unnecessary to address the broader legal question raised by the Department. The Court clarified that the issue of whether actual use is required for depreciation allowance, in addition to ownership, remains open for future consideration. No specific order as to costs was issued in this judgment. Case-Laws Income Tax Tue, 22 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3752