Tax holiday for rail infrastructure applies to B-O-L-T components leased to railways, excluding rolling stock. The Indian Railways' Build-Own-Lease-Transfer (B-O-L-T) scheme qualifies for the infrastructure tax holiday under section 80-IA(4A) because private enterprises supply, own, and ultimately transfer crucial rail system components but lease them back to Indian Railways for maintenance and operation, which only Indian Railways can lawfully perform; the concession is limited to rail system development components and excludes rolling stock.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax holiday for rail infrastructure applies to B-O-L-T components leased to railways, excluding rolling stock.
The Indian Railways' Build-Own-Lease-Transfer (B-O-L-T) scheme qualifies for the infrastructure tax holiday under section 80-IA(4A) because private enterprises supply, own, and ultimately transfer crucial rail system components but lease them back to Indian Railways for maintenance and operation, which only Indian Railways can lawfully perform; the concession is limited to rail system development components and excludes rolling stock.
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