Monday, July 21, 2014

[aaykarbhavan] Transfer of ownership rights via agreement to sell held as ‘transfer’, even if possession wasn’t given to purchaser




 

Transfer of ownership rights via agreement to sell held as 'transfer', even if possession wasn't given to purchaser

July 21, 2014[2014] 46 taxmann.com 268 (Allahabad)
IT : Where assessees being, owners of a property entered into agreement to sell whereby they transferred their right of ownership in favour of purchasers who on basis of said agreement, resold a part of property and further carried out certain development work, transaction in question was to be regarded as transfer of capital asset within meaning of section 2(47)(v)
Regards
Prarthana Jalan


__._,_.___
Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com




__,_._,___
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)