https://www.taxtmi.com/caselaws?id=795186 A BOT concessionaire's right to recover road-project costs through annuity payments is not a depreciable intangible asset. Although analogous to a toll-collection mechanism in compensating project costs, it does not qualify as a business or commercial right of similar nature under the restrictive interpretation applied to specified intellectual-property rights; depreciation is therefore unavailable. Where the concession agreement treats a provisional completion certificate and a completion certificate alike for project completion and opening to traffic, the provisional certificate satisfies CBDT Circular No. 9/2014. Amortisation of the capitalised road-project cost remains available. en-us Wed, 11 Mar 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795186 A BOT concessionaire's right to recover road-project costs through annuity payments is not a depreciable intangible asset. Although analogous to a toll-collection mechanism in compensating project costs, it does not qualify as a business or commercial right of similar nature under the restrictive interpretation applied to specified intellectual-property rights; depreciation is therefore unavailable. Where the concession agreement treats a provisional completion certificate and a completion certificate alike for project completion and opening to traffic, the provisional certificate satisfies CBDT Circular No. 9/2014. Amortisation of the capitalised road-project cost remains available. Case-Laws Income Tax Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795186