Right to collect toll is an intangible asset within the purview of sec. 32(1)(ii) and eligible for d

IT : Where assessee in terms of agreement with Government of Madhya Pradesh was required to develop, construct and maintain a road on BOT basis at its own cost for a specified period and it had capitalized costs incurred on development and construction of infrastructural facility under head 'License to collect Toll', it was eligible for depreciation on amount capitalized under head 'License to collect Toll'