https://www.taxtmi.com/caselaws?id=295391 The Tribunal upheld the CIT(A)'s decision, affirming that the "Right to Collect Toll" is an intangible asset eligible for depreciation at 25%. The appeals filed by the Revenue were dismissed, and the AO was directed to allow the depreciation claim as per Section 32(1)(ii) of the Income Tax Act. en-us Fri, 08 Jun 2018 00:00:00 +0530 Mon, 19 Jul 2021 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295391 The Tribunal upheld the CIT(A)'s decision, affirming that the "Right to Collect Toll" is an intangible asset eligible for depreciation at 25%. The appeals filed by the Revenue were dismissed, and the AO was directed to allow the depreciation claim as per Section 32(1)(ii) of the Income Tax Act. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295391