ITAT deletes Disallowance made on account of Depreciation on Right to Collect Annuity on Toll Roads [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted disallowance made on account of depreciation on the right to collect annuity on toll roads. The assessee, M/s. Gorakhpur Infrastructure Co. Ltd. is engaged in the business of executing the project for design, construction, finance and maintenance of Gorakhpur By-pass on NH-28(Project Highway) in the […]
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