construction on development on
infrastructure facilities of roads, highways under BOT projects may
be amortized and claim is allowable for business expenditure
under ... initial cost of development of infrastructure facility of
roads/highway under BOT Projects in, earlier years, the total
deduction so claimed may be deducted from
assessee company claimed
depreciation of Rs.18,16,15,643/- on BOT projects @ 5% (at half
the rate as being put to use for less ... only a provision is being made for future
maintenance of BOT projects. The assessee was therefore,
required to substantiate its claim as per the provisions
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
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
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
completed as well as works in progress. The EPC
projects includes turnkey project/item rate
contract/Construction works.
B = Value (updated to the price level ... Signatory of SPV in respect of BOT projects and verified
by Statutory Auditor. The factors for updation of the value
of Civil Engineering Works
construction of development of infrastructure facility on
roads/highways under BOT project was to be amortized evenly over
the period of concessionaire agreement after excluding ... construction on development of
infrastructure facility of roads/highways under BOT projects was to be
amortized and evenly spread over the period of concessionaire
agreement
constrains was non-availability of need based and cancellation of two BOT
projects due to non-release of sanctioned limits by Banks, as also delay
applicant contended that it is a proprietary concern dealing
with infrastructure projects; that 1st respondent is a Company
incorporated under the Companies ... business of civil construction activities, infrastructure facilities,
Engineering, Procurement And Construction projects, BOT projects
on annuity basis from State Governments like Andhra Pradesh,
Madhya Pradesh
assessee for constructing the infrastructure facility i.e roads/highways under BOT project were
not eligible for claim of depreciation under ... 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
