Once an asset is a part of block of assets, lack of subsequent use not relevant for depreciation

Pawan Hans Helicopters Ltd. Vs DCIT (ITAT Delhi) The facts in the instant case that the helicopters were acquired in 1986-87 and the assessee has been claiming the depreciation since then has not been in dispute. The AO has allowed the depreciation on helicopters in the earlier assessment years. This fact is also not disputed by the AO as well as CIT(A). Further, the assessee is following the concept of block of assets which were also not in qualm by the revenue. ‘Block of Assets’ as defined by section 2(11) means, group of assets falling within a class of assets, comprising- (a) tangible ...