I have one doubt, as per IT act we can depreciation based 180days concept. Suppose assess wants to claim for 8days because asset put to use on 24th Mar.
02 July 2023
Supreme court has held that the provision for claim of depreciation is for the benefit of the assessee. If he does not wish to avail of that benefit for some reason, the benefit cannot be forced upon him. It is for the assessee to see if the claim of depreciation is to his advantage.
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