https://www.taxtmi.com/caselaws?id=281361 The case involved the entitlement to depreciation on assets not actively used. The Judicial Member ruled in favor of the Revenue, denying depreciation due to the factory's inactivity. In contrast, the Accountant Member supported depreciation, citing passive use. The Third Member resolved the dispute, allowing depreciation for the assessee during the temporary business suspension. Consequently, the assessee was granted depreciation on the assets, and the case was remanded to the Division Bench for further action. en-us Thu, 24 Sep 1987 00:00:00 +0530 Sat, 15 Jun 2019 12:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281361 The case involved the entitlement to depreciation on assets not actively used. The Judicial Member ruled in favor of the Revenue, denying depreciation due to the factory's inactivity. In contrast, the Accountant Member supported depreciation, citing passive use. The Third Member resolved the dispute, allowing depreciation for the assessee during the temporary business suspension. Consequently, the assessee was granted depreciation on the assets, and the case was remanded to the Division Bench for further action. Case-Laws Income Tax Thu, 24 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281361