Held plant and machinery was installed and ready for use in business even if asset was not put to use in business, depreciation is allowable. (AY. 2013-14)
DCIT v. Agile Electric Sub Assembly (P.) Ltd. (2021) 188 ITD 780 / ( 2022) 96 ITR 402 (Chennai)(Trib.)
S. 32 : Depreciation-Plant and machinery-Installed and ready to use-Depreciation is allowable.