Depreciation on right to build and operate tool road is admissible as intangible asset

DCIT Vs Telecommunication Consultants India Ltd. (ITAT Delhi) ITAT Delhi held that right to build and operate toll road are considered to be an intangible assets and accordingly depreciation as admissible to intangible assets is available to it. Facts- The assessee is engaged in the business of Prime multi-disciplinary organization providing a full range of consultancy, design & engineering services in various fields of telecommunications, IT, and civil construction in India as well as abroad. The assessee has been granted the right to collect the toll from the user of the road and this ri...