https://www.taxtmi.com/caselaws?id=427865 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to allow the claim of depreciation on toll collection rights. The Tribunal relied on precedents establishing toll collection rights as intangible assets eligible for depreciation, overturning the CIT(A)'s disallowance. The revenue's appeal and the assessee's cross-objections were dismissed as academic. en-us Tue, 29 Mar 2022 00:00:00 +0530 Fri, 16 Sep 2022 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427865 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to allow the claim of depreciation on toll collection rights. The Tribunal relied on precedents establishing toll collection rights as intangible assets eligible for depreciation, overturning the CIT(A)'s disallowance. The revenue's appeal and the assessee's cross-objections were dismissed as academic. Case-Laws Income Tax Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427865