https://www.taxtmi.com/caselaws?id=351023 The Tribunal allowed the appeal, overturning the disallowance of depreciation amount and the addition under section 41(1) of the Income Tax Act, 1961. The disallowance of depreciation was deleted as the business was not permanently closed, and assets were ready for use, indicating constructive user. The addition under section 41(1) was deemed inappropriate as there was no evidence of liabilities ceasing or being written off in the accounts. The judgment was pronounced on 9th October 2017 at Ahmedabad. en-us Mon, 09 Oct 2017 00:00:00 +0530 Thu, 16 Nov 2017 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351023 The Tribunal allowed the appeal, overturning the disallowance of depreciation amount and the addition under section 41(1) of the Income Tax Act, 1961. The disallowance of depreciation was deleted as the business was not permanently closed, and assets were ready for use, indicating constructive user. The addition under section 41(1) was deemed inappropriate as there was no evidence of liabilities ceasing or being written off in the accounts. The judgment was pronounced on 9th October 2017 at Ahmedabad. Case-Laws Income Tax Mon, 09 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351023