https://www.taxtmi.com/caselaws?id=179932 The ITAT upheld the CIT(A)'s decision regarding the disallowance of depreciation on intangible assets, including the right to collect toll under a BOT scheme, as eligible for depreciation. The ITAT also supported the allowance of depreciation on the cost of a road, considering the right to collect toll as an intangible asset. Additionally, the ITAT found the CIT(A)'s reliance on previous decisions justified in classifying the right to collect toll as an intangible asset. The ITAT upheld the CIT(A)'s decision on the crystallization of supervision charges liability during the assessment year, despite the Assessing Officer's claim that it had not crystallized. en-us Mon, 29 Apr 2013 00:00:00 +0530 Sat, 12 Mar 2016 11:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179932 The ITAT upheld the CIT(A)'s decision regarding the disallowance of depreciation on intangible assets, including the right to collect toll under a BOT scheme, as eligible for depreciation. The ITAT also supported the allowance of depreciation on the cost of a road, considering the right to collect toll as an intangible asset. Additionally, the ITAT found the CIT(A)'s reliance on previous decisions justified in classifying the right to collect toll as an intangible asset. The ITAT upheld the CIT(A)'s decision on the crystallization of supervision charges liability during the assessment year, despite the Assessing Officer's claim that it had not crystallized. Case-Laws Income Tax Mon, 29 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179932