Assessee entitled to depreciation on toll road/bridge constructed by it under concession agreement

HIGH COURT OF ALLAHABAD Commissioner of Income-tax Versus Noida Toll Bridge Co. Ltd. IT APPEAL NO. 316 OF 2011 NOVEMBER 8, 2012 JUDGMENT 1. This Income Tax Appeal filed by the Commissioner of Income Tax under 260-A of the Income Tax Act, 1961 (in short, the Act) arises out of order dated 4.4.2011 passed by the Income-Tax Appellate Tribunal, Delhi Bench ‘E’, New Delhi in ITA No. 4765/Del/2010 for the assessment year 2005-06. 2. We have heard Shri Shambhu Chopra, learned counsel appearing for the Income Tax Department. Shri S.R. Patnaik, Ms. Akansha Agarwal and Shri ...