Saturday, December 27, 2014

[aaykarbhavan] No deemed income on receipt of advance for assignment of development rights of land if transaction didn't complete



No deemed income on receipt of advance for assignment of development rights of land if transaction didn't complete

December 27, 2014[2014] 52 taxmann.com 166 (Bombay)
IT : Where assessee received certain advance on assigning development rights of a land, if transaction did not complete for some reason, no income would arise under section 28(iv), particularly when relevant MOU was not yet cancelled
 
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)