Tuesday, July 29, 2014

[aaykarbhavan] Rental payments for accommodation of land-owners weren’t a part of consideration in Joint development agreements



Rental payments for accommodation of land-owners weren't a part of consideration in Joint development agreements

July 29, 2014[2014] 46 taxmann.com 335 (Pune - Trib.)
IT : Where on date of agreement complete consideration was not paid by developer to assessee, date on which actual possession of land was given to developer would be considered as date of transfer
IT : Where rent was paid by builder towards alternate accommodation given to assessee land owner in course of business activity, said amount could not be held as part of consideration paid to assessee for transfer of assets
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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