ITAT allows depreciation in respect of closed units or non-functional undertakings

Beeyu Overseas Ltd. Vs DCIT (ITAT Kolkata)

It is undisputed that the plant and machinery, factory building etc., were put to use in the preceding years whereon depreciation has been claimed according to their respective block of assets as per the rates prescribed thereon. It is not a case where we need to deal with the issue of whether assets have been put to use or not so as to form part of the block of assets in their first year. It is not the case of AO that the assets were not put to use at all. Once the assets h

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