9911796707
TMI BlogVALUATION OF CONSTRUCTION SERVICEX X X X Extracts X X X X X X X X Extracts X X X X ..... VALUATION OF CONSTRUCTION SERVICE X X X X Extracts X X X X X X X X Extracts X X X X ..... aluation of Construction Service of area handed over by Developer to Landowner at the time of Completion Certificate or Occupation Certificate?? Reply By Shilpi Jain: The Reply: Value would be the s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ale value of any unit in the project closer to the date of JDA less 1/3rd (deemed value of land) Reply By ABHISHEK TRIPATHI: The Reply: Dear Sh. Naman Ji, Notification 11/2017 (Rate), creates a dee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ming provision in respect of the value of the land. In my view, deeming 1/3rd of the value is contrary to the valuation provisions. In most cases, the value of the land exceeds 33.33%. According to th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e notification, if your supply is INR 100, the supply of service will be 66.67 and the land value will be 33.33%. Such straightjacket approach of the notification is against the valuation provisions. ..... X X X X Extracts X X X X X X X X Extracts X X X X .....
The same contention was raised in Munjaal Manishbhai Bhatt v Union of India - 2021 (1) TMI 1095 - GUJARAT HIGH COURT [I think its pending before Hon'ble Gujarat HC]. X X X X Extracts X X X X X X X X Extracts X X X X ..... Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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