Right to collect toll is intangible asset & eligible for 25% depreciation: ITAT Delhi

BSC C and C Kurali Toll Road Ltd. Vs ACIT (ITAT Delhi)

BSC C and C Kurali Toll Road Ltd. (the appellant) contested a decision made by the Commissioner of Income-tax (Appeals) (CIT(A)) for the Assessment Year 2014-15. The dispute revolves around several issues concerning the treatment of toll collection rights and associated costs.

Key issue: Depreciation on Toll Collection Rights:

The appellant claimed depreciation on the toll collection rights at a rate of 25% under the category of intangible assets, as specified under Section 32(1)(ii) of the Income

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