https://www.taxtmi.com/caselaws?id=302761 The Tribunal held that the assessee, a partnership firm with corporate entities as partners, was eligible for deduction under Section 80IA(4) of the Income Tax Act. It also allowed the claim of depreciation on toll rights at 25% on Written Down Value basis, rejecting the Principal Commissioner of Income Tax's invocation of powers under Section 263. The Tribunal found that the AO's decisions were permissible and not erroneous, leading to the setting aside of the PCIT's order and allowing the appeal of the assessee. en-us Fri, 23 Feb 2018 00:00:00 +0530 Fri, 17 Jun 2022 09:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302761 The Tribunal held that the assessee, a partnership firm with corporate entities as partners, was eligible for deduction under Section 80IA(4) of the Income Tax Act. It also allowed the claim of depreciation on toll rights at 25% on Written Down Value basis, rejecting the Principal Commissioner of Income Tax's invocation of powers under Section 263. The Tribunal found that the AO's decisions were permissible and not erroneous, leading to the setting aside of the PCIT's order and allowing the appeal of the assessee. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302761