Capital gain - unregistered agreement - transfer of capital ...

Court Rules M/s Govind Not Land Owner for Tax Purposes Under Unregistered Agreement; Aligns with Balbir Singh Maini Case.

October 3, 2023

Case Laws Income Tax AT

Capital gain - unregistered agreement - transfer of capital asset u/s 2(47) - real owner - deemed owner - CIT(A) has diverted his mind to a wrong provision of law and diverted himself from the ratio decided in Balbir Singh Maini. In the present case, the controversy between parties is precisely for “Income from Business” head and that too whether or not M/s Govind can be said to be owner of land on the basis of unregistered agreement. - The answer is NO - AT

View Source

← Previous Next →

Capital gain - unregistered agreement - transfer of capital ...

Court Rules M/s Govind Not Land Owner for Tax Purposes Under Unregistered Agreement; Aligns with Balbir Singh Maini Case.

October 3, 2023

Case Laws Income Tax AT

You may also like:

GST rates for Composition Scheme with CGST Rules, 2017 aligned between notification and rules.

Rectification u/s 254 - Sale of land - land in question were sold by the assessee in the capacity of power of attorney holder and AO has assessed the income in the hand...

The Supreme Court held that the acquisition proceedings failed to comply with the statutory requirement of paying full and final compensation to the landowners before...

Construction of residential complexes - joint land development agreement - agreement prior to 19-4-2006 - value of flats given to land owners - inclusion of Registration...

New Rules - Companies (Significant Beneficial Owners) Rules, 2018 came into force w.e.f. 13.6.2018

Construction service - The flats sold by the land owner before the completion certificate was obtained will invite the liability of Service Tax upon the land owner....

Nature of land sold - capital asset u/s 2(14) or agricultural land - If the previous owner did not carry out agricultural activity on an agricultural land, however did...

Supplementary refund of unutilized input tax credit pertaining to Compensatory Cess - Section 164 of the GST Act empowers the Government to frame rules. Refund of...

This case deals with the taxability of compensation paid to landowners for land acquisition. The court held that u/s 96 of the Right to Fair Compensation and...

Exemption u/s 54B - assessee claimed to have purchased land through an agreement to sale which is unregistered and the payment in cash - when there is no subsequent sale...

The High Court held that respondent No. 3 cannot avoid deciding the petitioners' application dated 20 December 2023 seeking an advance ruling on the taxability of sale...

The Appellate Tribunal ruled that the Resolution Professional (RP) was entitled to possess the land admeasuring 10.81 acres, where the corporate debtor had constructed...

Capital gain - transfer u/s 2(47) - unregistered JD agreement - appellant had not received any consideration - since an unregistered agreement involving the transfer of...

Rollback of an Advance Pricing Agreement - Income-tax (Third Amendment) Rules, 2015 - CBDT issues Notification

Aligning the scope of “business connection” with modified PE Rule as per Multilateral Instrument (MLI).

Quick Updates: