Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
No Depreciation allowed on Toll Roads developed on BOT basis as Tangible Assets: ITAT
Corporate Compliance
No Depreciation Allowed on BOT Toll Roads: The ITAT ruled that no depreciation is allowed on toll roads developed under Build-Operate-Transfer (BOT) models as they are not considered tangible assets. This decision impacts companies involved in BOT projects, clarifying that depreciation benefits are not applicable to such infrastructure. The ruling reinforces the distinction between ownership and operational control in determining asset depreciation.
