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Beeya Overseas Ltd v .DCIT (2022) The Chamber’s Journal – September – P. 133( Kol)( Trib )

S. 32 : Depreciation – Block of asset – Asset not put to use in the current year or subsequent year – Depreciation cannot be disallowed [ S. 2(11) , 32(2) ]

Held that  depreciation cannot be disallowed on any asset which is part of the block of asset and has suffered depreciation in the preceding year and even if  the same is not put to use in the current year or subsequent years ( ITA No. 409/ Kol/ 2020 dt. 1-8 2022 )( AY. 2010-11 )