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Income Tax - Highlights / Catch Notes

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Depreciation on intangible asset being 'Right to collect toll" ...

Case Laws     Income Tax

June 2, 2021

Depreciation on intangible asset being 'Right to collect toll" (HOT Assets) - the claim of the assessee towards depreciation under Sec.32(1)(ii) in respect of its intangible rights i.e “right to collect toll”, being in conformity with the mandate of law, is found to be in order. - AT

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