https://www.taxtmi.com/highlights?id=74731 Depreciation on right to collect toll tax on road developed by the Assessee - The Tribunal recognized the right to collect toll on roads developed by the appellant as a commercial right, an intangible asset under Section 32(1)(ii) of the Act. - Accordingly, AO directed to grant depreciation on the toll collection right as an intangible asset and to adjust the deduction under Section 80IA(4) based on this allowance. en-us Thu, 08 Feb 2024 08:12:08 +0530 Thu, 08 Feb 2024 08:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74731 Depreciation on right to collect toll tax on road developed by the Assessee - The Tribunal recognized the right to collect toll on roads developed by the appellant as a commercial right, an intangible asset under Section 32(1)(ii) of the Act. - Accordingly, AO directed to grant depreciation on the toll collection right as an intangible asset and to adjust the deduction under Section 80IA(4) based on this allowance. Highlights Income Tax Thu, 08 Feb 2024 08:12:08 +0530 https://www.taxtmi.com/highlights?id=74731