https://www.taxtmi.com/caselaws?id=440698 The Tribunal allowed the appellant's claim for depreciation on the intangible asset created by the expenditure on the BOT project for the Assessment Year 2014-15. The Tribunal held that the right acquired by the assessee to operate the project facility and collect toll charges qualifies as an intangible asset eligible for depreciation under section 32(1)(ii) of the Act. The appeal was allowed, and the orders of the CIT(A) and AO were quashed. en-us Fri, 02 Dec 2022 00:00:00 +0530 Mon, 24 Jul 2023 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440698 The Tribunal allowed the appellant's claim for depreciation on the intangible asset created by the expenditure on the BOT project for the Assessment Year 2014-15. The Tribunal held that the right acquired by the assessee to operate the project facility and collect toll charges qualifies as an intangible asset eligible for depreciation under section 32(1)(ii) of the Act. The appeal was allowed, and the orders of the CIT(A) and AO were quashed. Case-Laws Income Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440698