Investors are eligible for claiming depreciation on the amount spent on buying oil and gas blocks after adjusting for the cost of tangible assets, the government has said in a circular issued to clarify the treatment of investments into India’s energy assets. Neeraj Agarwala, Partner shares his views on aforementioned story for following publications: · Livemint- Standalone story · Hindu Business Line- Standalone story Investments into oil and gas blocks eligible for depreciation