![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]")
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...
![Multiple Flats in same Building received under Joint Development Agreement eligible for S. 54F Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/GST-JDA-Taxscan.jpg "Multiple Flats in same Building received under Joint Development Agreement eligible for S. 54F Deduction: ITAT [Read Order]")
![Landowner shall pay GST on Supply of Developmental Rights to Developer: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/TAX23.jpg "Landowner shall pay GST on Supply of Developmental Rights to Developer: AAR [Read Order]")
Tax Benefit available to Multiple Flats received under Joint Development Agreement even if Assessee already own a Residential House: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore bench has held that the Tax benefit under section 54F of the Income Tax Act is available to assessee in respect of multiple flats received under...
![Tax Benefit available to Multiple Flats received under Joint Development Agreement even if Assessee already own a Residential House: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Tax-Benefit-Taxscan.jpg "Tax Benefit available to Multiple Flats received under Joint Development Agreement even if Assessee already own a Residential House: ITAT [Read Order]")
Expenses incurred for Cancellation and Re-registration of Property is part of Cost of Acquisition: ITAT [Read Order]
While allowing the appeal of Doddapaneni Atchaiah, Hyderabad bench of Income Tax Appellate Tribunal (ITAT) ruled that the expenses incurred for cancellation and re-registration of the property should...
![Expenses incurred for Cancellation and Re-registration of Property is part of Cost of Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Cost-of-Acquisition.jpg "Expenses incurred for Cancellation and Re-registration of Property is part of Cost of Acquisition: ITAT [Read Order]")
All Apartments received under Development Agreement would become “One House” for the purpose of s. 54 Exemption: ITAT [Read Order]
In Sudhir Naik HUF and others vs. Income Tax Officer, the Hyderabad ITAT held that all apartments received under a development agreement would become one house for the purpose of granting exemption...
![All Apartments received under Development Agreement would become “One House” for the purpose of s. 54 Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/New-House.jpg "All Apartments received under Development Agreement would become “One House” for the purpose of s. 54 Exemption: ITAT [Read Order]")
Date of handing over the physical possession of the property can be treated as the 'date of transfer' for Capital Gain exemption: Bombay HC [Read Judgment]
A two judge bench of Bombay High Court in Commissioner of Income Tax vs. Dr. Arvind S. Phake held that the date of transfer of property can be taken as the date of handing over the physical possession...
![Date of handing over the physical possession of the property can be treated as the date of transfer for Capital Gain exemption: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Date of handing over the physical possession of the property can be treated as the date of transfer for Capital Gain exemption: Bombay HC [Read Judgment]")
Income from Capital Gain on a Transaction through JDA which never materialised considered as Hypothetical Income: Supreme Court [Read Judgment]
In a recent decision in Commissioner of Income Tax vs. Balbir Singh Maini, the Supreme Court of India held that, Capital Gain from a Transaction through a Joint Development Agreement (JDA) which never...
![Income from Capital Gain on a Transaction through JDA which never materialised considered as Hypothetical Income: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "Income from Capital Gain on a Transaction through JDA which never materialised considered as Hypothetical Income: Supreme Court [Read Judgment]")
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]")