Depreciation on toll way rights u/s 32(1)(ii) @ 25% - ...

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

August 7, 2019

Case Laws Income Tax AT

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%

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Depreciation on toll way rights u/s 32(1)(ii) @ 25% - ...

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

August 7, 2019

Case Laws Income Tax AT

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