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2004 (11) TMI 67 - ALLAHABAD HIGH COURT
Depreciation on plant and machinery – use of machinery - "Whether Tribunal was legally justified in allowing the claim of depreciation of Rs. 1,91,917 on the plant and machinery of vegetable ghee unit as these were not actually used for the full year relevant to the assessment year 1977-78?" - held that the asset ready for use, but not actually used is also entitled for depreciation, under section 32 - we find that the view taken by the Tribunal is legally justified.