JHARKHAND ROAD PROJECTS IMPLEMENTATION COMPANY LIMITED,RANCHI vs. DCIT,C.C.-1, RANCHI

In the result, the grounds of appeal raised by the assessee are partly allowed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

depreciation u/s 32(1)(ii) of Act @ 25% on "Intangible Assets"- Project Road forming part of block of assets may be allowed. 4. Without prejudice to the grounds No. 1 to 3, as an alternative claim, the Appellant prays that the entire cost of ₹ 101,02,37,176 incurred during the year on "Project Road" should be allowed as revenue

JHARKHAND ROAD PROJECTS IMPLEMENTATION CO. LTD,RANCHI vs. DCIT CENT. CIRCLE-1, RANCHI

In the result, the grounds of appeal raised by the assessee are partly allowed