https://www.taxtmi.com/caselaws?id=428420 The Supreme Court excluded a period from the limitation period for judicial proceedings, allowing appeals by the assessee and Revenue to be considered on merits despite delays. The Tribunal granted the assessee depreciation at 25% for toll roads, treating them as intangible assets. The Revenue's challenge to this treatment was dismissed, affirming toll roads as intangible assets eligible for depreciation. Interest income earned by the assessee was deemed business income, upheld by the Tribunal based on earlier decisions and High Court affirmation, dismissing the Revenue's appeal. en-us Mon, 26 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428420 The Supreme Court excluded a period from the limitation period for judicial proceedings, allowing appeals by the assessee and Revenue to be considered on merits despite delays. The Tribunal granted the assessee depreciation at 25% for toll roads, treating them as intangible assets. The Revenue's challenge to this treatment was dismissed, affirming toll roads as intangible assets eligible for depreciation. Interest income earned by the assessee was deemed business income, upheld by the Tribunal based on earlier decisions and High Court affirmation, dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428420