Court Rules Road Construction for Public Use Does Not Grant Ownership; No Depreciation Claim for Taxpayer Allowed. https://www.taxtmi.com/highlights?id=20656 Depreciation - Merely, because the road is laid out does not mean that the Assessee is the owner thereof. He has laid it out for the purpose of the union and for its ultimate vesting in the public - No depreciation - HC en-us Wed, 12 Nov 2014 10:58:25 +0530 Wed, 12 Nov 2014 10:58:25 +0530 TaxTMI RSS Generator Court Rules Road Construction for Public Use Does Not Grant Ownership; No Depreciation Claim for Taxpayer Allowed. https://www.taxtmi.com/highlights?id=20656 Depreciation - Merely, because the road is laid out does not mean that the Assessee is the owner thereof. He has laid it out for the purpose of the union and for its ultimate vesting in the public - No depreciation - HC Highlights Income Tax Wed, 12 Nov 2014 10:58:25 +0530 https://www.taxtmi.com/highlights?id=20656