country within a reasonable time frame. In many countries, the BOT (build-operate-transfer) or the BOOT (build-own-operate-transfer) concept have been utilised ... required condition for availing of this benefit is that transfer under BOT (build, own, transfer) or BOOT (build, own, operate and transfer) schemes
case,
expenditure incurred by the assessee on construction of road on
BOT basis is Capital or Revenue? If it is capital expenditure,
whether the same ... expenditure incurred by the assessee for construction of a road
under BOT contract with GOI gives rise to an asset and if so,
whether
also engaged in the business of construction of roads, highways on
BOT agreement. The assessee had filed its return of income on
29/09/2015 ... 80IA and excess claim of depreciation on construction of road (As per
BOT agreement). During the revision proceedings, the assessee had
explained that its case
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
acquired/developed under the Build-Op erate-Transfer
Scheme ("BOT Scheme").
6. That the Ld. PCIT erred in not appreciating that
there ... deferment of
expenditure incurred towards acquisition/development
under the BOT Scheme.
2. The Ld. PR. CIT has set aside the assessment order
dated 31.12.2013 passed
period
for which it had under taken the infrastructure facility on BOT basis.
It was further observed by the A.O that as the assessee ... cost of
construction of development of infrastructure facility on
roads/highways under BOT project was to be amortized evenly over
the period of concessionaire agreement
part of the port, and
(b) such structures have been built under BOT and BOLT schemes and
there is an agreement that the same would ... part of the Port; that such structures had
been built under the BOT or BOLT scheme and there is an agreement for the
transfer
SICAL for development of their Berth No. VII as container terminal on BOT basis and as a consideration they have received monthly royalty charges. Show ... SICAL Terminals Ltd. to construct and operate the container terminal on BOT basis. He submits that as per the agreement only a vacant land
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
