https://www.taxtmi.com/caselaws?id=350695 The Court allowed the appeal in favor of the appellant, emphasizing the correct interpretation of Section 32 for depreciation claims on assets forming part of a Block of Asset. The decision highlighted the importance of considering the block value concept and the applicability of depreciation provisions in cases of forced idleness due to closure or strikes. en-us Mon, 28 Aug 2017 00:00:00 +0530 Fri, 10 Nov 2017 10:23:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350695 The Court allowed the appeal in favor of the appellant, emphasizing the correct interpretation of Section 32 for depreciation claims on assets forming part of a Block of Asset. The decision highlighted the importance of considering the block value concept and the applicability of depreciation provisions in cases of forced idleness due to closure or strikes. Case-Laws Income Tax Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350695