Court :
HC
Brief :
Held by the Hon`ble Court that, any `forced illness` of the machinery cannot disentitle to the assessee to claim the depreciation allowance, form the director report it is clear that the assessee was prevented form using the machinery because of the frequent labour unrest. therefore assessee is entitle to depreciation on stand-by spare parts even though they were not taken for use during the year.
Citation :
Southern Petrochemical Industries corporation Ltd Vs. C.I.T.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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