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2011 (1) TMI 393 - PUNJAB AND HARYANA HIGH COURTDepreciation - Whether full depreciation would be permissible in “block of assets” method even though the assets are used for a very short period - Whether depreciation can be denied for non use of assets in cases of an industry having two units functioning in the relevant assessment year, even though one unit may not have worked for most of the year - As per the case of JCT Electronics Ltd. v. Deputy Commissioner of Income Tax, the present appeal is dismissed against of revenue.
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