construction cost amortization of infrastructure facility under BOT project is allowable expenditure
April 3, 2016
Income Tax, ITAT, Judgments
In a recent judgment, ITAT Mumbai has held that as per CBDT circular no. 09 of 2014, construction cost on development of infrastructure facility of roads/highways under BOT project may be amortized and claimed as income tax business expenditure Case Details: ITA No.644/M/2013 Assessment Year: 2009-10 M/s. Koratalaiyar Bridge …