If assessee owns asset and used for business purpose during the relevant FY, then depreciation allowable

It is not disputed before us that basement and ground floor were fully owned by the assessee and used for the purpose of business by the assessee. This was accepted by the department in the AY 1998-99 as per details available on record. Once, the assessee is the owner of the asset and put the assessee for the purpose of business during the relevant FY, then the depreciation has to be allowed as per the details. That being the position, the direction of the learned Commissioner of Income-tax (Appeals) to allow the depreciation as admissible in law in respect of assets other than building on the...