Tribunal held that ; the t depreciation was not allowable under section 32(1)(iii) in respect of intangible assets. ( AY. 2008 -09)
Mahanadi Coalfields Ltd. v. DCIT (2018) 61 ITR 585 (Ctk) (Trib)
S. 32: Depreciation — Leasehold rights of coal bearing Land — Intangible Assets — Not entitled to depreciation [ S. 32(1)(iii) ]