https://www.taxtmi.com/caselaws?id=366676 The Tribunal ruled in favor of the appellant, a company involved in a BOT project, regarding the disallowance of depreciation by the Assessing Officer amounting to &8377;23,85,71,095. The Tribunal held that the CBDT Circular No. 09/2014 could not be applied retrospectively, supporting the appellant's claim for depreciation on toll roads. The decision emphasized the non-retrospective nature of circulars and highlighted the importance of considering their applicability timelines in tax assessments. en-us Tue, 04 Sep 2018 00:00:00 +0530 Sat, 08 Sep 2018 08:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366676 The Tribunal ruled in favor of the appellant, a company involved in a BOT project, regarding the disallowance of depreciation by the Assessing Officer amounting to &8377;23,85,71,095. The Tribunal held that the CBDT Circular No. 09/2014 could not be applied retrospectively, supporting the appellant's claim for depreciation on toll roads. The decision emphasized the non-retrospective nature of circulars and highlighted the importance of considering their applicability timelines in tax assessments. Case-Laws Income Tax Tue, 04 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366676