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2011 (2) TMI 453 - PUNJAB AND HARYANA HIGH COURT
Depreciation - The assessee is a cooperative society and claimed depreciation on the machinery which was not actually used but was kept ready for use - In the present case, the machinery in question is vapour cell, juice clarifier and fly ash arrester paid pweitier which according to the assessee had to be kept ready for use for its business expediency - If the assessee was to install such a machinery on its bonafide business consideration, mere absence of proof of actual use thereof was not enough to deny the claim for depreciation - Decided in the favour of the assessee