Court held that the assessee is entitle to depreciation in respect of assets which were discarded or scrapped during previous year, it is not necessary that such asserts were actually sold during the year. (AY.1983-84)
Pieco Electronics & Electricals Ltd. v. CIT (2019) 267 Taxman 548/(2020) 187 DTR 19/ 313 CTR 243 (Cal.)(HC)
S. 32 : Depreciation-Entitled to depreciation in respect of assets which were discarded or scrapped during previous year-Not necessary that such assets were actually sold during year.