Allowability of depreciation on a plant which was ready for use but not used

RELEVANT PARAGRAPH 6. Coming to the first point of difference it seems to me that even after the introduction of block of assets concept, there is no change in the legal position to the effect that the assessee^ would be entitled to depreciation even though the assets in question were not actually put to use in the relevant previous year, but were kept ready for being put to use for the purpose of the business. The judgment of the Hon’ble Madras High Court, on this question is in C1T vs. Vayithri Plantations Ltd. (1981) 128 ITR 675. In this case, the Hon’ble High Court was concerne...