https://www.taxtmi.com/caselaws?id=18421 The High Court ruled in favor of the assessee, upholding the allowance of depreciation on assets not actively used in business operations. The Court adopted a broader interpretation of the term "used" under the Income-tax Act, stating that even passive use of assets could justify claiming full depreciation. The decision favored the assessee, allowing depreciation claims for assets that were not actively utilized throughout the year. en-us Mon, 17 Jun 1996 00:00:00 +0530 Wed, 30 Sep 2009 17:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18421 The High Court ruled in favor of the assessee, upholding the allowance of depreciation on assets not actively used in business operations. The Court adopted a broader interpretation of the term "used" under the Income-tax Act, stating that even passive use of assets could justify claiming full depreciation. The decision favored the assessee, allowing depreciation claims for assets that were not actively utilized throughout the year. Case-Laws Income Tax Mon, 17 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18421