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2023 (2) TMI 797 - AT - Income TaxDepreciation on Toll Road developed by the appellant - @ 10% OR @ 25% under the head Intangible Assets - HELD THAT:- Respectfully following the view express by Tribunal for A.Y. 2012-13 & 2013-14 [2021 (5) TMI 659 - ITAT DELHI] we hold that under identical facts and circumstances the assessee is also eligible for depreciation at the rate of 25% as claim by the for A.Y. 2014-15 also. Provision made for Major Maintenance - disallowance on the ground that the said provision is contingent in nature and the assessee has not made any expenditure on that count during the year under consideration - HELD THAT:- Tribunal in assessee’s own appeal for A.Y. 2012-13 & 2013-14 [2021 (5) TMI 659 - ITAT DELHI] has allowed the claim of assessee for provision which was created for the provision made by the assessee in accordance with settled principle of law. Thus claim of assessee for provision made by the assessee is allowed.
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