https://www.taxtmi.com/caselaws?id=34365 HC held that discarded machinery may still qualify for depreciation under Section 32 if it was used for business in earlier years; actual physical use in the relevant previous year is not required. The court followed prior Division Bench rulings, endorsed the ITAT, and directed recomputation of depreciation by reducing the scrap value of discarded assets from the written down value of the block. The decision rejects Revenue's contention that discarded machinery cannot attract depreciation merely because it was not in use in the assessment year. en-us Wed, 19 Aug 2009 00:00:00 +0530 Wed, 12 Nov 2025 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34365 HC held that discarded machinery may still qualify for depreciation under Section 32 if it was used for business in earlier years; actual physical use in the relevant previous year is not required. The court followed prior Division Bench rulings, endorsed the ITAT, and directed recomputation of depreciation by reducing the scrap value of discarded assets from the written down value of the block. The decision rejects Revenue's contention that discarded machinery cannot attract depreciation merely because it was not in use in the assessment year. Case-Laws Income Tax Wed, 19 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34365