Assets being part of block of assets eligible for depreciation even if same are related to discontinued business

 CIT vs. Sonic Biochem Extractions Pvt. Ltd (Bombay High Court)  The respondent assessee had claimed depreciation in respect of its  machinery valued at Rs.16.96 lacs  which was  used in its  business  of refining edible oil.  The machinery had not been used during the assessment year as the respondent has discontinued its business of refining edible oil. The above depreciation was claimed on the block of assets on the written down  value  including  the  refining  edible  oil  machinery.    The  Assessing Officer disallowed the claim of depreciation on the ground that one o...