https://www.taxtmi.com/caselaws?id=351721 Passenger service fee security receipts were treated as non-taxable in the assessee's hands, and the additional ground on that question was admitted. The upfront fee for airport rights was recognised as a depreciable intangible asset because it conferred a commercial right akin to a licence. Expenditure on nallah realignment, CPWD staff reallocation and allied airport development was held revenue in nature, while retrenchment compensation paid under the operating arrangement was allowed outside section 35DDA. Development fee collected under section 22A of the Airports Authority of India Act was characterised as a capital receipt. In the absence of exempt income, disallowance under section 14A read with Rule 8D was deleted, and taxiways, aprons, parking bays and bridges were allowed depreciation at plant and machinery rates. en-us Mon, 27 Nov 2017 00:00:00 +0530 Thu, 30 Nov 2017 08:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351721 Passenger service fee security receipts were treated as non-taxable in the assessee's hands, and the additional ground on that question was admitted. The upfront fee for airport rights was recognised as a depreciable intangible asset because it conferred a commercial right akin to a licence. Expenditure on nallah realignment, CPWD staff reallocation and allied airport development was held revenue in nature, while retrenchment compensation paid under the operating arrangement was allowed outside section 35DDA. Development fee collected under section 22A of the Airports Authority of India Act was characterised as a capital receipt. In the absence of exempt income, disallowance under section 14A read with Rule 8D was deleted, and taxiways, aprons, parking bays and bridges were allowed depreciation at plant and machinery rates. Case-Laws Income Tax Mon, 27 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351721