Depreciation eligible on Right to collect toll for specified period as it is intangible Asset

Ashoka Infrastructure Ltd. Vs. Asst. CIT (ITAT Pune) Claim of assessee was depreciation on the right to collect toll being infrastructure and not on the toll road, where the cost incurred for development and construction of infrastructure facility was a right in the nature of intangible asset falling within purview of section 32(1)(ii) of the Act, the assessee was entitled to depreciation on such intangible asset. The assessee undoubtedly, had expended on development, construction and maintenance of infrastructure facility for a specified period out of its own funds and after the end of specif...