2014,
which had provision for amortization of expenses in BOT contracts (Build,
Operate, Transfer) was applicable in the case of the assessee also ... case before us, the assessee is in DBFOT contract
and not BOT contract. A BOT contract encompasses Build, Operate and
Transfer. However, the DBFOT contract
2019 since toll started
3. Total money spend for maintenance BOT contract road mannuthy to edappally
up to 31/12/2019 since toll started ... much money spend BOT contract
road mannuthy to angamaly for maintenance 01-01-2019 to 31-12-2019 11. How
much money spend BOT contract
this stage.
16. Ld. DR submitted, the assessee was given the contract of executing the highway
project. He submitted, the highway project undisputedly belongs ... expenditure incurred by the assessee for construction of road under BOT contract by the
Government of India has given rise to an intangible asset
accounts and had written off
the same over the period of BOT contract of 19 years from the completion of
construction of the same. However ... expenditure incurred by the assesses
for construction of road under BOT contract by Gout, of India, have given rise to an
intangible asset as defined
taken on contract. It was the submission that
the legislative intent was to give benefit only to Build, Operate and Transfer contracts
(BOT ... introduced was
only for the purpose of giving the benefit to BOT contracts then, the explanation to
section 80IA(4) of the Act becomes otiose
taken on contract. It was the submission that
the legislative intent was to give benefit only to Build, Operate and Transfer contracts
(BOT ... introduced was
only for the purpose of giving the benefit to BOT contracts then, the explanation to
section 80IA(4) of the Act becomes otiose
expenditure incurred by the assessee for construction of a road
under BOT contract with GOI gives rise to an asset and if so,
whether ... expenditure incurred by the assessee for construction of road
under BOT contract by the Government of India has given rise to
an intangible asset
highways on the basis of Built, Operate, Transfer agreement (for
short 'BOT' basis), despite being aware of the fact that the cost
incurred ... towards
depreciation on the cost of the infrastructure facility under the BOT
contract. On the basis of his aforesaid observations the CIT(A) declined
Assessing Officer of accounting policy in respect of completed contract method for infrastructure project under BOT scheme with Toll rights and thereby further erred ... appreciate that:
i) The Assessing Officer has erred in treating the BOT contract with toll rights as building contract.
ii) No accounting standard has been
entrepreneurs by
providing contract packages to the private enterprises. While
providing benefits, the government specifically specified certain
grants only to BOT Schemes. For the other
