S. 32 : Depreciation-Option to claim depreciation-Opting not to claim depreciation at rates specified in Appendix 1a-Eligible to claim depreciation according to Rule 5(1) and not Rule (5a)-The Assessing Officer is directed to allow W.D.V of depreciation. [R. 5(1), (1a), Appex. 1,IA]

S. 32: Depreciation-Block of asset-Depreciation is allowable irrespective whether asset is used or not.[S. 2(11)]

S. 32 : Depreciation-Additional claim-Claim made by filing letter-Rejection of claim is not justified.

S. 32: Depreciation-Generation and distribution of power-Multiple units of Captive Power Plant-Adopting Straight Line Method-Accepted in previous and subsequent years-No change in facts-Directed to allow depreciation on Straight Line Method. [S. 32(1)(i)]

S. 32: Depreciation-Additional depreciation-Allowable only in the year of acquisition and installation-Capitalization of Foreign Exchange Loss incurred on acquisition of Plant and Machinery outside India-Additional cost capitalized not eligible for depreciation. [S. 32(1)(iia), 43A]

S. 32 : Depreciation-Software-Eligible for depreciation at 60 per cent.

S. 32 :Depreciation-Commission-Liquidated damages-Deduction from sale consideration-Matter remanded. [S. 37(1)

S. 32 : Depreciation-Unabsorbed depreciation–Carry forward and set off-Could be set off during any number of years in view of the provisions of S. 32(2) as amended by Finance Act, 2001.[S. 32(2)]

S.32: Depreciation-Ownership of property-Possession of property-Full payment was made-Registration was completed within six date of agreement-Ownership relates back to date of agreement.[Indian Registration Act, 1908, 23, 47]

S. 32 : Depreciation-Suspension of business activities-generation and sale of electricity-Kept the asset for ready to use-Eligible for depreciation-Interest disallowance-Matter remanded for verification. [S. 32(1)(ii), 36(1)(iii)]