source of the
surrendered income as being collections from his BOT
project and thus was nothing but its business income and
the decision ... surrendered income as being from the
normal business collections from the BOT project
undertaken by it of the construction of Kangra Bus Stand
and Mcleodganj
appellant.
5.6. The appellant has stated that the work of BOT projects is handled
by only five divisions of the appellant and the remaining ... divisions do
not undertake any work relating to BOT projects. Therefore, payment
to and provision for employees of these five divisions and the head
office
appellant. 5.6. The appellant has
stated that the work of BOT projects is handled
by only five divisions of the appellant and the
remaining ... undertake any
(4 of 5)
[ITA-74/2017]
work relating to BOT projects. Therefore,
payment to and provision for employees of these
five divisions
construction period. Further, expenditure
incurred by the assessee on such BOT projects brings to it an enduring benefit in
the form of right to collect ... construction on development of infrastructure facility of roads/highways under
BOT projects may be amortized and claimed as allowable business expenditure
under
executed with private
sector participation on BOT basis. Thus, from the very inception of the
project, assessee was aware of the fact ... concession period.
Therefore, assessee has capitalized the cost incurred on the BOT project
on which it has claimed depreciation. Thus, in our view, the expenditure
1452 to 1457/PUN/2014
Ashoka Infrastructure Ltd.
(BOT) basis. The assessee had completed the project during the year under
consideration and had started operations ... BOT basis with right to collect toll, then the Board had clarified that since the
assessee does not hold rights in the project except recovery
Jetpur- Rajkot Road Project. The said
project has been assigned to the assessee as a
concessionaire on 'Built-Operate-Transfer (BOT) basis ... construction
period. Further, expenditure incurred by the
assessee on such BOT projects brings to it an
enduring benefit in the form of right to collect
construction
period. Further, expenditure incurred by the assessee
on such BOT projects had brought an enduring benefit
in the form of right to collect ... agreement expressly mentioned
therein, and had constructed Airport Metro Express project
under BOT scheme (Build Operate and Transfer). He further
submitted that 30 years concession
that the Committee, constituted to examine
whether Build, Operate and Transfer (BOT) projects should be
exempt from payment of tax under
M/S Siddi Enterprises vs State Of Karnataka on 22 August, 2017
Author: Vineet Kothari
