https://www.taxtmi.com/caselaws?id=295416 The tribunal allowed the appellant's appeal, overturning the disallowance of depreciation on the license to collect toll revenue for the Second Vivekananda Bridge. The tribunal considered the license as an intangible asset eligible for depreciation under section 32(1)(ii) of the Income Tax Act. Regarding the disallowance of leave encashment provision, the tribunal directed to await the Supreme Court's final decision due to the stay on a relevant High Court decision. The order was issued on 11/07/2018. en-us Wed, 11 Jul 2018 00:00:00 +0530 Thu, 03 Jun 2021 08:35:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295416 The tribunal allowed the appellant's appeal, overturning the disallowance of depreciation on the license to collect toll revenue for the Second Vivekananda Bridge. The tribunal considered the license as an intangible asset eligible for depreciation under section 32(1)(ii) of the Income Tax Act. Regarding the disallowance of leave encashment provision, the tribunal directed to await the Supreme Court's final decision due to the stay on a relevant High Court decision. The order was issued on 11/07/2018. Case-Laws Income Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295416