https://www.taxtmi.com/caselaws?id=408159 A BOT concessionaire's right to operate a road project and collect toll is treated as a valuable business or commercial right, and the text states that such a right falls within intangible assets eligible for depreciation under section 32(1)(ii). On interest disallowance under section 36(1)(iii), the governing principle is that no disallowance is warranted where sufficient interest-free funds are available to cover advances, but the factual record here was unclear, so the issue was sent back for fresh verification by the Assessing Officer. en-us Thu, 22 Apr 2021 00:00:00 +0530 Tue, 01 Jun 2021 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408159 A BOT concessionaire's right to operate a road project and collect toll is treated as a valuable business or commercial right, and the text states that such a right falls within intangible assets eligible for depreciation under section 32(1)(ii). On interest disallowance under section 36(1)(iii), the governing principle is that no disallowance is warranted where sufficient interest-free funds are available to cover advances, but the factual record here was unclear, so the issue was sent back for fresh verification by the Assessing Officer. Case-Laws Income Tax Thu, 22 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408159