https://www.taxtmi.com/caselaws?id=407780 The Tribunal allowed the assessee's appeal regarding the depreciation on the Toll Road, granting depreciation at 25% as an intangible asset. The Tribunal also allowed the provision for major maintenance expenses, finding it to be a valid deduction. However, the Tribunal dismissed the ground concerning the deduction of the grant received from NHAI as not pressed. The appeals for both assessment years were partly allowed based on these findings. en-us Tue, 18 May 2021 00:00:00 +0530 Fri, 21 May 2021 08:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407780 The Tribunal allowed the assessee's appeal regarding the depreciation on the Toll Road, granting depreciation at 25% as an intangible asset. The Tribunal also allowed the provision for major maintenance expenses, finding it to be a valid deduction. However, the Tribunal dismissed the ground concerning the deduction of the grant received from NHAI as not pressed. The appeals for both assessment years were partly allowed based on these findings. Case-Laws Income Tax Tue, 18 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407780