Depreciation on public roads is allowable @10%

CIT Vs GVK Jaipur Kishangarh Expressway Ltd. (Rajasthan High Court)

Conclusion: Depreciation was allowable @10% on public highway road treating the same as building.

Held: Assessee-company was engaged in construction, operations and maintenance of highways. It entered into a concession agreement with the National Highways Authority of India (NHAI) for widening of two lane road to six lane roads on Build operate Transfer (BOT) basis. The work

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