https://www.taxtmi.com/caselaws?id=196081 The Tribunal allowed the assessee's claim for depreciation on plant and machinery, emphasizing the block of assets concept. Despite temporary closure due to external factors, depreciation was permitted for the entire block, following judicial precedents. The appeal was allowed solely on the depreciation issue, with other grounds deemed academic. The decision underscored the necessity of applying established legal principles to depreciation claims on block assets, ensuring consistency with past judicial rulings. en-us Wed, 23 Aug 2017 00:00:00 +0530 Sat, 18 Nov 2017 12:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196081 The Tribunal allowed the assessee's claim for depreciation on plant and machinery, emphasizing the block of assets concept. Despite temporary closure due to external factors, depreciation was permitted for the entire block, following judicial precedents. The appeal was allowed solely on the depreciation issue, with other grounds deemed academic. The decision underscored the necessity of applying established legal principles to depreciation claims on block assets, ensuring consistency with past judicial rulings. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196081