“Section 32(1)(a)(iv)”

BSCPL AURANG TOLLWAY LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, the appeal filed by the assessee is dismissed

Bench: the Tribunal. The assessee has filed an affidavit explaining the reasons for the delay, wherein it was submitted that the appeal for the relevant assessment year was required to be filed within 60 days from the date of receipt of the order passed under Section 263 of the Income-tax Act, 1961. However, the

maintenance of the infrastructure facility, and such a right is in the nature of intangible asset falling within the purview of Section 32(1)(a)(iv) of the Income-tax Act, 1961. The learned counsel for the assessee, further referring to various judicial precedents on this issue, including the decision