Expense on failure to perform as per concessionaire agreement for Construction of Assets on BOT Basis

PR. CIT Vs Green Delhi BSQ Ltd. (Delhi High Court)

The respondent-assessee was to construct, operate and maintain bus shelters. The respondent-assessee was also under an obligation to pay Rs.4.09 crores per month to the Delhi Transport Corporation. The shelters were not owned by the respondent-assessee. The Central Board of Direct Taxes vide Please become a Premium member. If you are already a Premium member, login here to access the full content.