Held that it is not necessary that the plant and machinery owned by the assessee should be actually put to use in to claim depreciation. It is sufficient that the business is not closed or efforts are made to keep the business going. The Tribunal upheld the findings of the CIT(A). (AY. 2012-13).
ACIT v. Gopalpur Ports Ltd. (2022) 94 ITR 75 (SN) (Cuttack) (Trib.)
S. 32 : Depreciation-Assets installed and kept ready-Depreciation allowable-Assets need not be used for whole year.