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    Income Tax

    Depreciation on intangible assets being “business and commercial ...

    Taxpayer's Mining Rights Payment Classified as Intangible Assets, Eligible for Depreciation Under Income Tax Rules.

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    Income TaxJune 7, 2018Case LawsAT

    Depreciation on intangible assets being “business and commercial rights” - payment made by the assessee in the form of compensation for acquiring mining rights in the land is intangible assets and hence depreciation is allowed.

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