Depreciation on "Right to Collect Toll" Intangible Asset Valid u/s 32(1)(ii); Assessee's Entitlement Upheld.

Depreciation on "Right to Collect Toll" Intangible Asset Valid u/s 32(1)(ii); Assessee's Entitlement Upheld. https://www.taxtmi.com/highlights?id=58218 Depreciation on intangible asset being 'Right to collect toll" (HOT Assets) - the claim of the assessee towards depreciation under Sec.32(1)(ii) in respect of its intangible rights i.e “right to collect toll”, being in conformity with the mandate of law, is found to be in order. - AT en-us Wed, 02 Jun 2021 16:53:53 +0530 Wed, 02 Jun 2021 16:53:53 +0530 TaxTMI RSS Generator Depreciation on "Right to Collect Toll" Intangible Asset Valid u/s 32(1)(ii); Assessee's Entitlement Upheld. https://www.taxtmi.com/highlights?id=58218 Depreciation on intangible asset being 'Right to collect toll" (HOT Assets) - the claim of the assessee towards depreciation under Sec.32(1)(ii) in respect of its intangible rights i.e “right to collect toll”, being in conformity with the mandate of law, is found to be in order. - AT Highlights Income Tax Wed, 02 Jun 2021 16:53:53 +0530 https://www.taxtmi.com/highlights?id=58218