Depreciation optional- Assessee can claim Depreciation partly in respect of certain block of assets & not in respect of other

Whether, the Appellate Tribunal is right in law and on facts in holding that depreciation not claimed for by the assessee, cannot be allowed as a deduction despite the introduction of the concept of block assets ?”

As far as this aspect is concerned, the finding of fact recorded by the CIT(Appeals) which reads as under:

“3. The contentions of the appellant and the reasons given by the Assessing Officer in allowing full depreciation are considered.

Please become a Premium member. If you are already a Premium member, login here to access the full content.