https://www.taxtmi.com/highlights?id=70639 Depreciation disallowance - asset were not used during the period - production and business activity of the assessee company was stopped - AO observed that, the assessee-company had no business and manufacturing activity from which revenue could be earned - Depreciation cannot be allowed - AT en-us Thu, 29 Jun 2023 11:23:02 +0530 Thu, 29 Jun 2023 11:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70639 Depreciation disallowance - asset were not used during the period - production and business activity of the assessee company was stopped - AO observed that, the assessee-company had no business and manufacturing activity from which revenue could be earned - Depreciation cannot be allowed - AT Highlights Income Tax Thu, 29 Jun 2023 11:23:02 +0530 https://www.taxtmi.com/highlights?id=70639