TMI BlogAssessee Eligible for Depreciation on "Right to Collect Toll" as Intangible Asset u/s 32(1)(ii) of Income Tax Act.Depreciation - the assessee was eligible for depreciation on the ‘Right to collect Toll’, being an ‘intangible asset’ falling within the purview of section 32(1)(ii) of the Act - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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