TMI Blog2016 (4) TMI 1220X X X X Extracts X X X X X X X X Extracts X X X X ..... est Gujarat Expressway Ltd. [2016 (4) TMI 1184 - BOMBAY HIGH COURT] wherein held merely, because the road is laid out does not mean that the Assessee is the owner thereof. He has laid it out for the purpose of the union and for its ultimate vesting in the public we answer substantial questions of law in the negative, i.e., in favour of the appellant-Revenue and against the respondent-assessee. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing the Assessing Officer to grant depreciation on assets not owned by the respondent that goes against provisions of section 32 of the Income-tax Act ? (ii) Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in its decision of treating toll roads as plant and machinery, when this is not as per rule 5 of New Appendix I of the Income-tax Rules ? 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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