Assets Qualify for Depreciation if Used for a Single Day; Future Ownership Doesn't Affect Eligibility.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Depreciation of claim - asset put to use - assessee got the ownership during the subsequent years - even if an asset is put to use for a single day, the same is eligible for depreciation. - AT....