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![No Depreciation allowed on Toll Roads developed on BOT basis as Tangible Assets: ITAT [Read Order] No Depreciation allowed on Toll Roads developed on BOT basis as Tangible Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-BOT-Basis-Build-Operate-and-Transfer-Tangible-Assets-Toll-Roads-Toll-Roads-developed-BOT-ITAT-news-taxscan.jpg)
No Depreciation allowed on Toll Roads developed on BOT basis as Tangible Assets: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) vitiated the claim of depreciation by an Assessee on a Toll Road constructed by them...