lane equal carriage with private sector participation on Build,
Operate and Transfer (BOT) basis. Accordingly, NHAI floated a bid for
construction of the 4-lane ... project on BOT basis under annuity scheme.
As per the bid requirement, two entities i.e., Gammon India Ltd. (GIL)
and Punj Lloyd Ltd., came
intangible
assets. Observing, that the cost of any infrastructure facility undertaken on
BOT basis, specially a highway toll way project, de hors vesting of ownership ... same with the assessee i.e BOT operator would not qualify as an
intangible asset, the A.O, was of the view that the assessee
which is considered proper and expedient by the
Board of Trustees (BOT) for the time being to be retained, for capital
expenditure ... wisdom, as deemed
proper or, alternatively, as deemed expedient by the BOT from time to time.
Why, the same is at 95 per cent
construction
and maintenance of toll roads on build, operate and transfer (BOT) basis, had filed its return of
income ... view that the cost of any infrastructure facility undertaken on BOT basis, especially a
highway project, would not qualify as an intangible asset. Accordingly
cost of construction on development of
infrastructure facilities of roads/highways under BOT projects may be
3 I.T.A. No.238/M/19
amortised ... Build,
4 I.T.A. No.238/M/19
Operate and Transfer (BOT) basis. The assessee has capitalized the total
collection right as an intangible
construction of roads,
bridges etc. under the Build, Operate & Transfer (BOT)
Scheme amounts to a “lease” as contemplated under
Section 105 of the Transfer ... issued a Clarification dated 01.07.2002
with respect to the agreements executed under BOT
Scheme stating that stamp duty would not be payable on
such agreements
incorrectly alleges that the game
can be manipulated by the use of bots (short for Robots), however,
failed to consider that no bots are employed ... compliance with the applicable law.
8.28. The petitioners do not employ bots or use Artificial
Intelligence (AI). The State has failed to substantiate their allegation
respective toll bridges and
roads under Build Operate & Transfer (BOT) Scheme.
43. Concessionaire Agreements were entered into between the
respective assessee with the Government ... Highway 8
44. The above Concessionaire Agreements under the Build-Operate-
Transfer (BOT) Scheme were between the respective assessees
R.Prema Latha vs The State Of Tamil Nadu on 17 November, 2022
Author: S
R.Prema Latha vs The State Of Tamil Nadu on 17 November, 2022
Author: S
