Self Funded Assets of Delhi Airport Metro Express: ITAT Upholds Depreciation Claimed

The ITAT has upheld the claim for depreciation on self-funded assets of the Delhi Airport Metro Express, affirming the validity of depreciation deductions for the metro operator. This ruling provides clarity on the treatment of self-funded assets in terms of tax benefits, enabling businesses to better understand their rights regarding depreciation claims. The decision aims to promote investment in infrastructure development while ensuring compliance with tax regulations, thus fostering a favorable environment for businesses to operate and grow.