Mumbai ITAT Allows Depreciation On 'Right To Collect Toll Tax' On Infrastructure Facilities

Pankaj Bajpai

14 March 2024 5:00 PM IST

  • Mumbai ITAT Allows Depreciation On Right To Collect Toll Tax On Infrastructure Facilities

    While following the decision of the co-ordinate benches in assessee's own case, the Mumbai ITAT directed the AO to grant depreciation on the right to collect toll tax on infrastructure facilities considering same as intangible asset entitled to depreciation at the rate of 25%.The ITAT also directed the AO to re-compute the deduction allowable to the assessee u/s 80IA (4) of the Income Tax...

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