https://www.taxtmi.com/highlights?id=65881 Depreciation on "Toll Road" - once the right to collect the toll tax has been held to be intangible asset by the CIT(A), by following the judicial precedents in assessee’s own case, we are of the considered view that the learned CIT(A) erred in denying deduction of depreciation at the rate of 25% and restricting the same to 15% by referring to the claim made under the return of income. - AT en-us Fri, 30 Sep 2022 15:59:33 +0530 Fri, 30 Sep 2022 15:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65881 Depreciation on "Toll Road" - once the right to collect the toll tax has been held to be intangible asset by the CIT(A), by following the judicial precedents in assessee’s own case, we are of the considered view that the learned CIT(A) erred in denying deduction of depreciation at the rate of 25% and restricting the same to 15% by referring to the claim made under the return of income. - AT Highlights Income Tax Fri, 30 Sep 2022 15:59:33 +0530 https://www.taxtmi.com/highlights?id=65881