Joint development agreement - having handed over the possession ...

Vacant land transfer to developer for flats is a property exchange u/s 2(47)(i) of Income Tax Act.

June 18, 2014

Case Laws Income Tax AT

Joint development agreement - having handed over the possession of the vacant land to the developer on promise to be handed over four flats equivalent to 40% of the value of the property to be constructed, it was a clear case of transfer by exchange within the meaning of S.2(47)(i) - AT

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Joint development agreement - having handed over the possession ...

Vacant land transfer to developer for flats is a property exchange u/s 2(47)(i) of Income Tax Act.

June 18, 2014

Case Laws Income Tax AT

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