https://www.taxtmi.com/caselaws?id=29073 The High Court of Punjab and Haryana ruled in favor of the respondent-assessee in a case concerning the interpretation of the term "used" under section 32(1) of the Income Tax Act for claiming depreciation on a building not actively operational during the assessment year 1971-72. The court held that activities undertaken to prepare a building for operation should be considered as putting it to "use," even if not fully operational. Drawing on a similar legal precedent, the court allowed the depreciation claim for the building in Chandigarh, emphasizing the transitional period during which the building was deemed "used." en-us Fri, 23 Apr 1982 00:00:00 +0530 Wed, 10 Mar 2010 16:06:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29073 The High Court of Punjab and Haryana ruled in favor of the respondent-assessee in a case concerning the interpretation of the term "used" under section 32(1) of the Income Tax Act for claiming depreciation on a building not actively operational during the assessment year 1971-72. The court held that activities undertaken to prepare a building for operation should be considered as putting it to "use," even if not fully operational. Drawing on a similar legal precedent, the court allowed the depreciation claim for the building in Chandigarh, emphasizing the transitional period during which the building was deemed "used." Case-Laws Income Tax Fri, 23 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29073