{"id":24636,"date":"2022-02-07T12:58:53","date_gmt":"2022-02-07T07:28:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bsc-c-c-krunnli-toll-road-ltd-v-dcit-2021-bcaj-july-p-49-delhitrib\/"},"modified":"2022-02-07T12:58:53","modified_gmt":"2022-02-07T07:28:53","slug":"bsc-c-c-krunnli-toll-road-ltd-v-dcit-2021-bcaj-july-p-49-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bsc-c-c-krunnli-toll-road-ltd-v-dcit-2021-bcaj-july-p-49-delhitrib\/","title":{"rendered":"BSC C &#038; C Krunnli Toll Road Ltd. v. DCIT (2021) BCAJ-July-P. 49 (Delhi)(Trib.)"},"content":{"rendered":"<p>The Assessing Officer following the decision in CIT v. Noida Toll Bridge Co Ltd. (2013)\u00a0 213 taxman 333 (All)(HC) restricted the depreciation on toll road to 10 %. The Tribunal following the decision in ACIT v. West Gujarat Expressway\u00a0 \u00a0Ltd.\u00a0 \u00a0(2017) 390 ITR 400 (Bom.)(HC) and ACIT v. Progressive Construction Ltd. (2018) 161 DTR 289 \/ 63 ITR 516 \/ 191 TTJ 549 (SB) (Hyd.)(Trib.), held that the assessee is entitle to depreciation at 25%. (dt. \u00a018-5-2021) (AY. 2012-13, 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Intangible-Right to collect toll is an intangible asset-Entitle for depreciation at 25%. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-24636","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6pm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=24636"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24636\/revisions"}],"predecessor-version":[{"id":24637,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24636\/revisions\/24637"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}