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Depreciation eligible on Right to collect toll for specified period as it is intangible Asset

As assessee was not the owner of Toll road, but had been given the right to develop, maintain and operate the toll road and to further collect the toll for the specified period, then this right was an intangible asset falling under section 32(1)(ii) and expenditure on development, construction and maintenance of infrastructure facility as incurred by the assessee was not revenue in nature and therefore, could be amortized.



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Depreciation eligible on Right to collect toll for specified period as it is intangible Asset

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