https://www.taxtmi.com/caselaws?id=295403 The Tribunal ruled in favor of the assessee, holding that the right to collect toll under the concessionaire agreement with NHAI constituted an intangible asset eligible for depreciation under section 32(1) of the Income Tax Act. The Tribunal found that the agreement conferred concessionary rights, distinguishing it from cases where ownership claims were denied. It concluded that the right to collect toll was an exclusive license and directed the deletion of the disallowed depreciation for the assessment years 2014-15 and 2015-16, allowing the assessee's appeals. en-us Tue, 19 Jan 2021 00:00:00 +0530 Wed, 02 Jun 2021 08:38:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295403 The Tribunal ruled in favor of the assessee, holding that the right to collect toll under the concessionaire agreement with NHAI constituted an intangible asset eligible for depreciation under section 32(1) of the Income Tax Act. The Tribunal found that the agreement conferred concessionary rights, distinguishing it from cases where ownership claims were denied. It concluded that the right to collect toll was an exclusive license and directed the deletion of the disallowed depreciation for the assessment years 2014-15 and 2015-16, allowing the assessee's appeals. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295403