https://www.taxtmi.com/caselaws?id=295418 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision allowing depreciation on the "license to collect toll" as an intangible asset under section 32(1)(ii) of the Income Tax Act, 1961. The Revenue's appeal was dismissed, affirming that the right to collect toll qualifies as a depreciable intangible asset, based on consistent precedent and previous Tribunal rulings. en-us Mon, 11 Feb 2019 00:00:00 +0530 Thu, 03 Jun 2021 08:35:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295418 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision allowing depreciation on the "license to collect toll" as an intangible asset under section 32(1)(ii) of the Income Tax Act, 1961. The Revenue's appeal was dismissed, affirming that the right to collect toll qualifies as a depreciable intangible asset, based on consistent precedent and previous Tribunal rulings. Case-Laws Income Tax Mon, 11 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295418