July, 1989 as referred to above, the Bank of Tokyo Ltd. (BOT, in short) paid consideration money of Rs. 1.40 crore to M/s Premium ... sale. The consideration money of Rs. 1.40 crore was paid by BOT at the request of the assessees and as per the agreement
developed the Second Vivekananda Bridge under the Build, Operate and Transfer
(BOT) basis and it obtained from National Highways Authority of India (NHAI), the
License ... assessee had claimed
depreciation by treating the right acquired for operating the BOT-bridge and
collecting toll for user of such bridge by vehicles
section (1) of section 32 of the
Act.
3. In BOT arrangements for development of roads/highways, as a matter of
general practice, possession ... during the construction period. Further, expenditure incurred by the
assessee on such BOT projects brings to it an enduring benefit in the form of right
such undertakings, which is doing the business of building,
operating and Transfer (BOT) and building owning, operating and transfer BOOT as also PPP contracts does ... water in so far as an irrigation project can never function under BOT or BOT or PPP . In the circumstances, we are of
the view
section (1) of section 32 of the Act.
3. In BOT arrangements for development of roads/highways, as a matter of general practice,
possession ... during the construction period. Further,
expenditure incurred by the assessee on such BOT projects brings to it an enduring benefit in
the form of right
section (1) of section
32 of the Act.
3. In BOT arrangements for development of roads/highways, as a matter of general
practice, possession ... during the
construction period. Further, expenditure incurred by the assessee on such BOT
projects brings to it an enduring benefit in the form of right
section (1) of section 32 of the Act.
3. In BOT arrangements for development of roads/highways, as a matter of
general practice, possession ... during the construction
period. Further, expenditure incurred by the assessee on such BOT
projects brings to it an enduring benefit in the form of right
section (1) of section 32 of the Act.
3. In BOT arrangements for development of roads/highways, as a
matter of general practice, possession ... during the construction period. Further, expenditure incurred by the
assessee on such BOT projects brings to it an enduring benefit in the
form of right
applicable only for the infrastructure projects for
development of road/highways on BOT basis and that the appellant
is not in the said business ... expenditure for the leasehold land as stipulated in the
Build-Own-Transfer (BOT) agreement with Kolkata Port Trust, Haldia
Dock Complex. The appellant further submitted
Senbo Engineering Limited, Kolkata vs Dcit, Cir-11, Kolkata. , Kolkata on 9 September, 2024
IN
