COMMISSIONER OF INCOME TAX-I vs CHENNAI PETROLEUM CORPN. LTD.
Whether the assessee was entitled to claim depreciation on the Gas Sweetening Plant which was not actually used during the relevant previous year due to non-availability of raw material, when Section 32 requires the asset to be 'used for the purpose of business' --- Held Yes, as the plant was ready for use and the non-use was due to circumstances beyond the assessee's control, satisfying the wider interpretation of 'used' to include passive use.
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