Assessee Can Claim 25% Depreciation on Amritsar Bus Terminal BOT Project; Previous Deductions Must Be Withdrawn.

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....Depreciation on the expenditure incurred for construction of Amritsar Bus Terminal project on build, operate and transfer (BOT) basis - the assessee is entitled to claim deprecation as per specified rate at 25% - Once the claim of the assessee towards depreciation allowance is accepted, the deduction allowed by the AO towards allocated cost of project, naturally needs to be withdrawn - AT....