https://www.taxtmi.com/caselaws?id=338940 Airport tax treatment turned on whether airport operating rights and related assets qualified for depreciation, whether maintenance and refurbishment costs were revenue expenditure, and whether Passenger Service Fee-Security Component formed taxable income. The Tribunal treated expenditure on perimeter road strengthening and terminal refurbishment as revenue because it preserved existing assets without creating a new one, and allowed depreciation on the upfront fee paid to secure commercial operating rights as an intangible asset. It also held that PSF-SC was collected in fiduciary capacity and diverted at source for security purposes, so it was not taxable in the assessee's hands. Taxiways, taxi tracks and parking bays were treated as plant eligible for higher depreciation, while section 14A and leave encashment issues were remanded for fresh factual examination. en-us Wed, 30 Nov 2016 00:00:00 +0530 Mon, 08 Jun 2026 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338940 Airport tax treatment turned on whether airport operating rights and related assets qualified for depreciation, whether maintenance and refurbishment costs were revenue expenditure, and whether Passenger Service Fee-Security Component formed taxable income. The Tribunal treated expenditure on perimeter road strengthening and terminal refurbishment as revenue because it preserved existing assets without creating a new one, and allowed depreciation on the upfront fee paid to secure commercial operating rights as an intangible asset. It also held that PSF-SC was collected in fiduciary capacity and diverted at source for security purposes, so it was not taxable in the assessee's hands. Taxiways, taxi tracks and parking bays were treated as plant eligible for higher depreciation, while section 14A and leave encashment issues were remanded for fresh factual examination. Case-Laws Income Tax Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338940