VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case lawHigh Court › CIT v Oswal Agro Mills Ltd — depreciation on a block of assets cannot be split asset by asset for non-user
High CourtHelps taxpayerValidity unconfirmeds.32s.2(11)s.43(6)

CIT v Oswal Agro Mills Ltd — depreciation on a block of assets cannot be split asset by asset for non-user

One of my units has been shut for years. The Assessing Officer has pulled the assets of that unit out of the block and disallowed the depreciation on them. Can he?

One of my units has been shut for years. The Assessing Officer has pulled the assets of that unit out of the block and disallowed the depreciation on them. Can he?

No. The Delhi High Court held that after the 1988 amendment depreciation is allowed on the written down value of the block of assets, individual assets have lost their identity, and the Revenue cannot segregate a particular asset from the block on the ground that it was not put to use. The Revenue's appeals were dismissed even though the unit concerned had been closed for years.

Decided by the High Court (A.K. Sikri J and Suresh Kait J) on 2010-12-24, reported as ITA Nos. 161 and 617 of 2006 and 998, 1104 and 1283 of 2008 (Delhi High Court); assessment years from 1998-99. It bears on section 32, section 2(11), section 43(6) of the Income Tax Act 1961, in Deductions & Disallowances and Assessment & Scrutiny matters.

Validity check could not be completed. Later treatment was not checked. The library already carries CIT v. Bharat Aluminium and CIT v. Yamaha Motor India on neighbouring aspects of the block; this entry is on the Revenue's power to segregate an asset from an existing block for non-user, which those entries do not cover. Nothing in the block scheme has been amended in a way that touches this reasoning, save that goodwill was removed from s.2(11) by the Finance Act 2021 from AY 2021-22.

Why it matters

This is the block-of-assets answer to a user-based disallowance and it is stronger than the passive user argument because it does not depend on proving readiness for any particular asset. The Court expressly did not adopt the Tribunal's passive user reasoning; it upheld the result on the block. The practical consequences run further than the disallowance in issue: because individual identity is lost, a discarded or destroyed asset does not come out of the block either, and the block is reduced only by the moneys payable in respect of the asset sold, discarded, demolished or destroyed under s.43(6)(c)(i)(B). The counter-argument the Revenue runs, that the assessee should maintain asset-wise details so that idle assets can be identified, was rejected as frustrating the very purpose of the amendment. Note the limit: the asset must have entered the block — the block argument does not create an entitlement for an asset acquired in the year and never put to use at all.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

Read aloud by your device. Press again to stop.

Related

Other authorities on the same sections.