JCIT(OSD), Range-10, New Delhi Vs. Gwalior Bypass Project Ltd
Case No: ITA No.2896/Del/2025
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH “B”: NEW DELHI
Date: 1/7/2026
Parties Involved
respondentJCIT(OSD), Range-10, New Delhi
appellantGwalior Bypass Project Ltd
Facts Summary
The Assessee, Gwalior Bypass Project Ltd, is a special purpose vehicle incorporated on 23-06-2006 for the execution of a highway project. The company was awarded a project by the National Highway Authority of India for the development of a four-lane road project of Gwalior Bypass in Madhya Pradesh on a Design, Build, Finance, Operate and Transfer (DBOT) basis. The Assessee entered into a Concessionare Agreement with the National Highway Authority of India, under which it was to receive a fixed a…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Learned CITA was justified in deleting the disallowance made on account of depreciation on highway projects.
Precedents Relied Upon
5 precedents cited in this judgement.