https://www.taxtmi.com/highlights?id=59712 Depreciable asset forming part of the block of assets - restarting of business after a time gap - instead of selling the building, if the assessee started using the building after two years for business purposes the assessee can continue to claim depreciation based on the written down value available as on the date of ending of the previous year in which depreciation was allowed last. - Order of HC restoring the additions made in the assessment order sustained - SC en-us Thu, 16 Sep 2021 16:19:25 +0530 Thu, 16 Sep 2021 16:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59712 Depreciable asset forming part of the block of assets - restarting of business after a time gap - instead of selling the building, if the assessee started using the building after two years for business purposes the assessee can continue to claim depreciation based on the written down value available as on the date of ending of the previous year in which depreciation was allowed last. - Order of HC restoring the additions made in the assessment order sustained - SC Highlights Income Tax Thu, 16 Sep 2021 16:19:25 +0530 https://www.taxtmi.com/highlights?id=59712