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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Depreciation on toll road - The assessee is entitled to the ...


Depreciation Claim Approved: Toll Roads Qualify as Intangible Assets u/s 32(1)(ii) of the Income Tax Act.

May 11, 2015

Case Laws     Income Tax     AT

Depreciation on toll road - The assessee is entitled to the claim of depreciation on the road to collect toll being an intangible asset falling within the purview of section 32(1) (ii) of the Act. - AT

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