https://www.taxtmi.com/caselaws?id=797367 Office premises acquired and fully paid for before the end of the relevant year form part of the depreciable block of assets for Section 50 computation, even if physical possession was not obtained and the premises were not used for business during that year. Acquisition, rather than possession or actual use, governs inclusion in the block. Actual business use is relevant to depreciation entitlement but not to whether an acquired asset enters the block for capital-gains computation. Tax liability requires recomputation on this basis in favour of the assessee. en-us Thu, 12 Feb 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797367 Office premises acquired and fully paid for before the end of the relevant year form part of the depreciable block of assets for Section 50 computation, even if physical possession was not obtained and the premises were not used for business during that year. Acquisition, rather than possession or actual use, governs inclusion in the block. Actual business use is relevant to depreciation entitlement but not to whether an acquired asset enters the block for capital-gains computation. Tax liability requires recomputation on this basis in favour of the assessee. Case-Laws Income Tax Thu, 12 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797367