https://www.taxtmi.com/circulars?id=5115 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. en-us Wed, 03 Jan 1996 00:00:00 +0530 Sat, 09 Aug 2008 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5115 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. Circulars Income Tax Wed, 03 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5115