https://www.taxtmi.com/caselaws?id=784230 Depreciation under s.32 read with s.43(6) for AY 2003-04 was disputed on the ground that certain units within a "block of assets" were not used during the relevant year. The HC held that, post 01.04.1999, depreciation is allowable with reference to the block, not individual assets or their attribution to specific units; if the assessee's business continues and the block is used, the entire block is treated as "put to use," with adjustments only to the block's written down value for additions/deletions. The HC further held s.38(2) was inapplicable absent any non-business or personal use. Depreciation was allowed; the appeal was decided in favour of the assessee. en-us Thu, 11 Dec 2025 00:00:00 +0530 Wed, 31 Dec 2025 09:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784230 Depreciation under s.32 read with s.43(6) for AY 2003-04 was disputed on the ground that certain units within a "block of assets" were not used during the relevant year. The HC held that, post 01.04.1999, depreciation is allowable with reference to the block, not individual assets or their attribution to specific units; if the assessee's business continues and the block is used, the entire block is treated as "put to use," with adjustments only to the block's written down value for additions/deletions. The HC further held s.38(2) was inapplicable absent any non-business or personal use. Depreciation was allowed; the appeal was decided in favour of the assessee. Case-Laws Income Tax Thu, 11 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784230