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
maintenance of
Paradip Port connectivity project under the Build Operate Transfer (BOT)
basis. For this purpose a concession agreement was entered into between the
assessee ... initial
cost of development of infrastructure facility of roads highways under
BOT projects in earlier year, the total deduction so claimed for the
Assessment Years
earns revenue
from Fujitsu Services Ltd. under Build, Operate and Transfer
(BOT) model and Infinite has provided services to Fujitsu under
contract between Infinite ... Services Ltd. and its associate
with effect from January 1, 2009 on BOT model, as is evident form
Director's report, available
challenged deletion of
interest expenses of Rs.42,77,609/- attributable to BOT projects by the
ld.CIT(A). ITA No.2519/Ahd/2014 ... brought out of the business income of
the appellant as transfer from BOT Account. Further, the remaining investment
National Highway 25/26 in the State of Uttar
Pradesh on BOT (Annuity) basis (hereafter „the Project‟). The Project
was to be executed under ... Concession Agreement on BOT (Annuity)
basis. The concession period of the Project was stipulated as 20 years,
which included the construction period of 30 months
lane dual carriageway, with private sector participation on Build,
Operate and Transfer (BOT) basis.
2.2 NHAI carried out extensive project development work in connection with ... Build, Operate and Transfer
(BOT) basis. The infrastructure project, awarded by NHAI on BOT basis falls
under the definition of infrastructure facility
improvement) on
Build, Operate and Transfer (BOT) basis. The respondent
claimant's (hereafter `claimant') tender for Rs.1325 lacs was
accepted ... Tribunal recorded that in para 19 of
the terms and conditions of BOT on page 105 of the tender
documents it was inter alia provided
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
further submitted that separate fee rule is
provided for public funded and BOT projects.
It is further submitted that in the case of
public funded ... rate is provided. It is further
submitted that in case of BOT section, the fee
is determined on the basis of per kilometer
rate provided
developer's costs whether it be "BT' or 'BOT'
or 'BOOT' because in 'BOT ... Government/Local
authority etc., whether it be the case of 'BOT' or 'BOOT' and it is handed
over by the Government
