Uttarakhand HC: Severity of POCSO Charges Alone Cannot Deny Juvenile Bail  ||  Madras HC Grants Anticipatory Bail to Man Accused of Watching CM Vijay's Unreleased Film Online  ||  Jharkhand HC: Interest under Employees' Compensation Act Runs From Date of Accident  ||  Bombay HC Quashes Wakf Property Mutation as Enemy Property, Mandates Due Process  ||  J&K&L High Court: Limitation Must be Decided Before Hearing Appeal Against 31-Year-Old Mutation  ||  Allahabad HC Summons UP Home Secretary Over Delay in Custodial Death Compensation Guidelines  ||  Delhi HC Differs with DPIIT Paper, Says ChatGPT Injunction Would Hurt AI Development  ||  Supreme Court: MHADA can Enforce Developer's Rehabilitation Commitments  ||  SC: Transfer of Defrauded Funds To Accused's Account Alone Cannot Warrant Clubbing FIRs  ||  Supreme Court: States with Under 1,000 Consumer Cases Can Abolish Select District Commissions    

ITAT: Depreciation allowable on Toll Collection Rights - (15 Jun 2022)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Pune Bench has held that the depreciation under Section 32 of the Income Tax Act, 1961 is allowable on toll collection rights as the same would be treated as ‘capital asset’.

Tags : ITAT   TOLL COLLECTION   CAPITAL ASSET  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved