https://www.taxtmi.com/caselaws?id=295417 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, allowing the assessee's claim for depreciation at 25% on the "right to collect toll" as an intangible asset under Section 32(1)(ii) of the Income Tax Act. The Revenue's appeal was dismissed, confirming that the "right to collect toll" qualifies as an intangible asset eligible for depreciation. en-us Fri, 31 Aug 2018 00:00:00 +0530 Thu, 03 Jun 2021 08:35:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295417 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, allowing the assessee's claim for depreciation at 25% on the "right to collect toll" as an intangible asset under Section 32(1)(ii) of the Income Tax Act. The Revenue's appeal was dismissed, confirming that the "right to collect toll" qualifies as an intangible asset eligible for depreciation. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295417