https://www.taxtmi.com/highlights?id=65529 Disallowance of depreciation allowance - WDV - plant and machinery were not used during the year due to change in business model - nce an asset is part of the block of assets and depreciation is granted on that block, it cannot be denied in subsequent years on the ground that one of the assets is not used by the assessee in some of the years. The concept of user of assets has to apply on the block of assets as a whole instead of an individual asset. - AT en-us Thu, 08 Sep 2022 17:21:31 +0530 Thu, 08 Sep 2022 17:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65529 Disallowance of depreciation allowance - WDV - plant and machinery were not used during the year due to change in business model - nce an asset is part of the block of assets and depreciation is granted on that block, it cannot be denied in subsequent years on the ground that one of the assets is not used by the assessee in some of the years. The concept of user of assets has to apply on the block of assets as a whole instead of an individual asset. - AT Highlights Income Tax Thu, 08 Sep 2022 17:21:31 +0530 https://www.taxtmi.com/highlights?id=65529