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2015 (3) TMI 521 - KARNATAKA HIGH COURTLiability of tax - Whether the nature of transaction/joint development agreement between the land owner and the developer, in the present case, would oblige either of them to pay tax on the transfer of goods involved in the execution of works contract in respect of developer's 3 share and/or land owner's share and if yes, who has to pay the tax - Held that:- these questions undoubtedly arise for consideration in these matters, were admittedly not raised/considered before/by the Tribunal. In view thereof, learned counsel for the parties, have agreed for remand of these matters to the Karnataka Appellate Tribunal with direction to consider these questions - Following decision of Larsen & Toubro Limited and another Vs. State of Karnataka and another [2013 (9) TMI 853 - SUPREME COURT] - Decided against Revenue.
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