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2017 (11) TMI 1998 - AT - Income TaxDepreciation on the “Right to collect toll”, being, an intangible asset - whether the Ld. CIT(A) was justified in holding that assessee was eligible to claim depreciation on “License to collect toll‟ considering it as an intangible asset in terms of section u/s. 32(1) (ii)? - HELD THAT:- As decided in Ashoka Highways (Bhandara) [2017 (10) TMI 579 - ITAT PUNE] that the cost of constructing road was akin to “Right to collect toll”, being, an intangible asset. The ld. DR fairly admitted the position in this regard. Respectfully following the same in parity of reasoning, we hold that the assessee is entitled to the said claim. - Decided against revenue.
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