https://www.taxtmi.com/caselaws?id=336292 The Tribunal allowed the Assessee's appeal, emphasizing the entitlement to depreciation on plant and machinery within a block of assets, even if not actively used during the assessment year. The judgment highlighted the importance of maintaining assets for potential business use and reiterated that temporary suspension of activities does not negate the right to claim depreciation. en-us Fri, 26 Aug 2016 00:00:00 +0530 Thu, 15 Dec 2016 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336292 The Tribunal allowed the Assessee's appeal, emphasizing the entitlement to depreciation on plant and machinery within a block of assets, even if not actively used during the assessment year. The judgment highlighted the importance of maintaining assets for potential business use and reiterated that temporary suspension of activities does not negate the right to claim depreciation. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336292