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
assessee was awarded contract for development and maintenance of the
infrastructure scheme for lift water supply on BOT basis by the Himachal Pradesh
Irrigation
often
hand over to a concessionaire by the State on BOT contract, i.e., build,
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Company assessed to tax. The appellant Company
has undertaken a BOT contract from the Government of Gujarat
whereby it constructed ROB at Charni, Vadodara
introduced was only for the purpose of giving the benefit of BOT contracts
then, the explanation to section 80IA(4) of the Act becomes otiose ... road to
include toll road, a bridge or a rail system. BOT contract in respect of the
railway system can never exist. Further, a perusal
expenditure incurred by the assessee for construction of road
under BOT contract by the Government of India has given rise to
an intangible asset ... should have
directed for amortization of the expenses incurred for construction of
BOT road in terms of CBDT Circular no.9 of 2014 dated 23rd
introduced was only for the purpose of giving the benefit of BOT contracts then,
the explanation to section 80IA(4) of the Act becomes otiose ... road to
include toll road, a bridge or a rail system. BOT contract in respect of the
railway system can never exist. Further, a perusal
Gautami branch of the
river Godavari between Yanam and Yedurlanka on BOT contract basis by
NECL, the holding company of the assessee. NECL completed ... management of the said bridge, NECL
decided to transfer the right over BOT asset to the assessee
cases decided by the Bombay High Court the model of the contract was
BOT whereas in the present case it is BOOT. Secondly, the case
state of Tamil Nadu on Build Operate & Transfer (BOT) basis:
Contract Package NS-2/BOT/TN-3' (hereafter 'the works'). Reliance
