![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]")
Multiple Flats in same Building received under Joint Development Agreement eligible for S. 54F Deduction: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the multiple flats in the same building received by the assessee under...
![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]")
![Capital Gain Taxable at the time of giving Actual Possession of Land to Developer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Capital Gain Taxable at the time of giving Actual Possession of Land to Developer: ITAT [Read Order]")
![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...
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]")