Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (8) TMI 595 - AT - Income TaxDepreciation on BOT Rights of Road - Determination of Cost of BOT project - treatment of grant received for computing deferred revenue expenditure - Held that:- assessee is eligible for claim of depreciation. Respectfully following the decision of the Co-ordinate Bench in case of holding company, we direct the AO to allow assessee’s claim of depreciation as per law. Regarding reduction of subsidy from the cost of toll road - Held that:- we restore the matter back to the file of the AO for deciding afresh after considering the order of Tribunal and considering the assessee’s contention and verifying the nature of subsidy so received by the assessee. Decided partly in favor of assessee.
|