https://www.taxtmi.com/highlights?id=69259 Disallowance of depreciation claim - assessee has not carried out any business activity - The case of the assessee that the assets are kept ready for use and it was expecting only favourable market situation. It is also submitted that the assessee has maintained its business establishment and was generating other types of income, besides servicing loan taken for business purposes. - claim of depreciation allowed - AT en-us Mon, 17 Apr 2023 08:05:57 +0530 Mon, 17 Apr 2023 08:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69259 Disallowance of depreciation claim - assessee has not carried out any business activity - The case of the assessee that the assets are kept ready for use and it was expecting only favourable market situation. It is also submitted that the assessee has maintained its business establishment and was generating other types of income, besides servicing loan taken for business purposes. - claim of depreciation allowed - AT Highlights Income Tax Mon, 17 Apr 2023 08:05:57 +0530 https://www.taxtmi.com/highlights?id=69259