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High Court Rules Roads on State/National Highways Qualify for 10% Depreciation as Plant and Machinery Under Tax Law.

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....Depreciation on roads in the category of plant and machinery - whether roads developed and maintained by the assessee by agreement with the Government on the State/National Highway is eligible for depreciation as “building”? - the assessee is entitled for depreciation at the rate of 10% - HC....

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High Court Rules Roads on State/National Highways Qualify for 10% Depreciation as Plant and Machinery Under Tax Law.