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2011 (3) TMI 620 - HC - Income TaxDeduction - Whether the I.T.A.T. erred in granting depreciation in respect of the factory in which no operation was carried out during the relevant previous year - the assessee was ready for doing his business. But for the adverse law and order situation, he could not actually run the factory although all the machineries were ready for use and the valuation of such machinery also depreciated notwithstanding its non-user -Notwithstanding such adverse law and order situation, the assessee did not abandon its business but suffered loss for such a state of affairs prevailing in that State over which he had no control with an expectation of resuming the business - Decided in favour of assessee.
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