| COURT: | Bombay High Court |
| CORAM: | A. K. Menon J., S. C. Dharmadhikari J |
| SECTION(S): | 32 |
| GENRE: | Domestic Tax |
| CATCH WORDS: | BOT, Depreciation, Owner, Toll Road |
| COUNSEL: | F. V. Irani, S. G. Dalal |
| DATE: | October 14, 2014 (Date of pronouncement) |
| DATE: | November 12, 2014 (Date of publication) |
| AY: | 2005-06 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| The person who constructs a road on Build, Operate and Transfer (BOT) basis on land owned by the Government is not the "owner" of the road and cannot claim depreciation thereon | |
The High Court had to consider whether a person who is in the business of infrastructure development constructs a road on Build, Operate and Transfer (BOT) basis on land owned by the Government, can it claim depreciation on the toll …
North Karnataka Expressway Ltd vs. CIT (Bombay High Court) Read More »
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