https://www.taxtmi.com/caselaws?id=364907 The Tribunal upheld the CIT(A)'s decision to allow depreciation on the BOT project expenditure, dismissing the revenue's appeal. The disallowance of Rs. 78,01,926/- was deleted based on the project being recognized as creating an intangible asset eligible for depreciation. Other disallowances under sections 14A and 36(1)(v) were not challenged further. The judgment was pronounced on 3rd August 2018. en-us Fri, 03 Aug 2018 00:00:00 +0530 Mon, 06 Aug 2018 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364907 The Tribunal upheld the CIT(A)'s decision to allow depreciation on the BOT project expenditure, dismissing the revenue's appeal. The disallowance of Rs. 78,01,926/- was deleted based on the project being recognized as creating an intangible asset eligible for depreciation. Other disallowances under sections 14A and 36(1)(v) were not challenged further. The judgment was pronounced on 3rd August 2018. Case-Laws Income Tax Fri, 03 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364907