Case Law Details
Case Name : CIT Vs. Yamaha Motor India Pvt. Ltd. (2010) 328 ITR 297 (Delhi High Court)
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All High Courts Delhi High Court
CIT Vs. Yamaha Motor India Pvt. Ltd. (2010) 328 ITR 297 (Delhi High Court) – The issue under consideration in this case is whether depreciation is allowable on the written down value of the entire block, even though the block includes some machinery which has already been discarded and hence, cannot be put to use during the relevant previous year.
On the above issue, it was observed that the expression “used for the purposes of the business” in section 32 when used with respect to discarded machinery would mean the use in the business, not in the relevant financial year/previ...
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Verdict is correct.
CA. Subhash Chandra Podder
Kolkata
29/01/2012