Land transferred to the developer under the JDA as per section ...
Land Transfer in Joint Development Agreements: Possession Equals Consideration Under Income Tax Act Section 2(47)(v.
December 25, 2014
Case Laws Income Tax AT
Land transferred to the developer under the JDA as per section 2(47)(v) or not - the moment the owners have handed over the possession to the developer a right to receive the developed area would accrue to the owners - it is a consideration in kind, which has a value, which can be worked out - AT
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