Taxpayer's Road Construction Under BOT Contract Creates Intangible Asset, Eligible for 25% Depreciation u/s 32(1)(ii).

Depreciation on toll way rights u/s 32(1)(ii) @ 25% - expenditure incurred by the assessee for construction of road under BOT contract by the Government of India has given rise to an intangible asset as defined under Explanation 3(b) r/w section 32(1)(ii) - assessee is eligible for depreciation @ 25% .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X