Asset once becomes part of block of assets is eligible for dep. even if it wasn’t used in subsequent years: ITAT

INCOME TAX : Where request for waiver of interest on loan taken by assessee from Government was rejected, said liability towards payment of interest was ascertained in current year and since assessee was following mercantile system of accounting, such interest was to be allowed as deduction under section 36(1)(iii) during year

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