Court Clarifies Depreciation: Collective Business Use of Asset Block Sufficient, No Need for Individual Asset Proof. https://www.taxtmi.com/highlights?id=45576 Disallowance of depreciation rejecting concept of 'Block of Asset' - use of individual assets - business use of each item of a block of assets is not necessary for allowing depreciation on the block en-us Tue, 02 Apr 2019 07:26:30 +0530 Tue, 02 Apr 2019 07:26:30 +0530 TaxTMI RSS Generator Court Clarifies Depreciation: Collective Business Use of Asset Block Sufficient, No Need for Individual Asset Proof. https://www.taxtmi.com/highlights?id=45576 Disallowance of depreciation rejecting concept of 'Block of Asset' - use of individual assets - business use of each item of a block of assets is not necessary for allowing depreciation on the block Highlights Income Tax Tue, 02 Apr 2019 07:26:30 +0530 https://www.taxtmi.com/highlights?id=45576