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Clarification regarding treatment of expenditure incurred for development of roads/highways in BOT agreement under Income Tax Act, 1961 -regarding. It has come ... construction of infrastructural facilities like roads/ highways on build operate-transfer (BOT) basis with right to collect toll is entitled for depreciation under section

state of Uttar Pradesh (Package NS1/BOT/UP- 2) on BOT (Annuity) Basis. WHEREAS FAO (OS) (COMM) No.161/2018 Page ... Uttar Pradesh on a Build, Operate and Transfer ("BOT") (Annuity) basis. The agreement also records candid admission of the appellant that there

State of Rajasthan, Package 2 under NHDP, Phase V on BOT (Toll) mode ("Package II"). 2. This forfeiture of the security bids

setting up 400 bus shelters on build, operate and transfer basis (BOT basis). The respondent-assessee was to construct, operate and maintain the shelters ... vide Circular No. 9/2014 has inter alia observed that under the BOT schemes the assessees are not entitled to depreciation as they