https://www.taxtmi.com/highlights?id=59618 Excess depreciation - cost of development of infrastructure facility of roads/highways - Action of the Ld. AO in applying the circular retrospectively is not in order. Accordingly, the disallowance made by the Ld. AO on account of difference between the depreciation claimed and the depreciation allowed on the basis of amortization for the remaining part of the concessionaire agreement is directed to be deleted - AT en-us Fri, 10 Sep 2021 09:06:48 +0530 Fri, 10 Sep 2021 09:06:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59618 Excess depreciation - cost of development of infrastructure facility of roads/highways - Action of the Ld. AO in applying the circular retrospectively is not in order. Accordingly, the disallowance made by the Ld. AO on account of difference between the depreciation claimed and the depreciation allowed on the basis of amortization for the remaining part of the concessionaire agreement is directed to be deleted - AT Highlights Income Tax Fri, 10 Sep 2021 09:06:48 +0530 https://www.taxtmi.com/highlights?id=59618