![Signing of JDA is Proof that Assessee started Business: ITAT allows Expenditure Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/JDA-Business-ITAT-Expenditure-Claim-Taxscan.jpg "Signing of JDA is Proof that Assessee started Business: ITAT allows Expenditure Claim [Read Order]")
Signing of JDA is Proof that Assessee started Business: ITAT allows Expenditure Claim [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the fact that the assessee entered into a Joint Development Agreement...
![Commercial Complex leased out to Company by the JDA cant be treated as Benami Transaction: Rajasthan High Court quashes Provisional attachment [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/Commercial-complex-JDA-benami-transaction-Rajasthan-High-Court-Provisional-attachment-Taxscan.jpg "Commercial Complex leased out to Company by the JDA cant be treated as Benami Transaction: Rajasthan High Court quashes Provisional attachment [Read Order]")
![Owner eligible to Deduct Cost of Construction from Sale Consideration of Flats received under JDA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Cost-of-Construction-Sale-Consideration-Flats-JDA-ITAT-taxscan.jpg "Owner eligible to Deduct Cost of Construction from Sale Consideration of Flats received under JDA: ITAT [Read Order]")
![Sec. 50C cant be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a Formality: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Registration-of-Sale-Deed-Actual-Transfer-ITAT-Taxscan.jpg "Sec. 50C cant be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a Formality: ITAT [Read Order]")
![Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Capital-Gain-Deduction-Flats-Joint-Venture-Agreement-ITAT-Taxscan.jpg "Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]")
Capital Gain benefit available to Only One House Post-Amendment to Section 54F: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain deduction benefit is restricted to only one residential property under section 54F of the Income Tax Act,...
![Capital Gain benefit available to Only One House Post-Amendment to Section 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Capital-Gain-benefit-ITAT-Capital-Gain-Taxscan.jpg "Capital Gain benefit available to Only One House Post-Amendment to Section 54F: ITAT [Read Order]")
![Activity of Development and Sale of Land attracts GST: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "Activity of Development and Sale of Land attracts GST: AAAR [Read Order]")
Onetime Payment of Annual Rent as per the Lease Deed is Revenue Expenditures: ITAT Allows Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that one-time payment of annual lease rent paid does not lose the character of the annual rent, so it considers as revenue expenditures and not capital...
![Onetime Payment of Annual Rent as per the Lease Deed is Revenue Expenditures: ITAT Allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Onetime Payment of Annual Rent as per the Lease Deed is Revenue Expenditures: ITAT Allows Deduction [Read Order]")
Land Development does not constitute Sale, Taxable at Transaction Value actually Paid: AAR [Read Order]
The Authority on Advance Rulings (AAR) in Karnataka held that land development does not constitute a sale and is hence taxable at the transaction value actually paid of payable of the service as under...
![Land Development does not constitute Sale, Taxable at Transaction Value actually Paid: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/11/Land-Development-GST-AAR-Taxscan.jpg "Land Development does not constitute Sale, Taxable at Transaction Value actually Paid: AAR [Read Order]")
Consideration Received by the Land Owner as per Joint Development Agreement is “Business Income”: Orissa HC [Read Judgment]
A division bench of the Orissa High Court recently ruled that the consideration received by the land owner as per the joint development agreement is “business income” when the land is treated as...
![Consideration Received by the Land Owner as per Joint Development Agreement is “Business Income”: Orissa HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/02/Orissa-High-Court.jpg "Consideration Received by the Land Owner as per Joint Development Agreement is “Business Income”: Orissa HC [Read Judgment]")