Depreciation Claim Approved: Toll Roads Qualify as Intangible Assets u/s 32(1)(ii) of the Income Tax Act.

Depreciation Claim Approved: Toll Roads Qualify as Intangible Assets u/s 32(1)(ii) of the Income Tax Act. https://www.taxtmi.com/highlights?id=22896 Depreciation on toll road - The assessee is entitled to the claim of depreciation on the road to collect toll being an intangible asset falling within the purview of section 32(1) (ii) of the Act. - AT en-us Mon, 11 May 2015 09:08:07 +0530 Mon, 11 May 2015 09:08:07 +0530 TaxTMI RSS Generator Depreciation Claim Approved: Toll Roads Qualify as Intangible Assets u/s 32(1)(ii) of the Income Tax Act. https://www.taxtmi.com/highlights?id=22896 Depreciation on toll road - The assessee is entitled to the claim of depreciation on the road to collect toll being an intangible asset falling within the purview of section 32(1) (ii) of the Act. - AT Highlights Income Tax Mon, 11 May 2015 09:08:07 +0530 https://www.taxtmi.com/highlights?id=22896