Case Law Details
Case Name : Kurukshetra Expressway Pvt Ltd Vs DCIT (ITAT Delhi)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Delhi
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Kurukshetra Expressway Pvt Ltd Vs DCIT (ITAT Delhi)
ITAT Delhi held that expenditure in Built Operate and Transfer (BOT) project giving rise to an intangible assets eligible for claiming depreciation @25% on road construction admissible.
Facts- The appellant/assessee is a Special Purpose Vehicle incorporated for carrying out construction, operation and transfer of a stretch of the Rohtak Bawal Highway Project on Built Operate and Transfer (BOT) basis.
Appellant claimed depreciation of Rs. 2,04,32,08,982/- viz. @25% on the right to collect toll granted
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