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TMI Blog2013 (10) TMI 636X X X X Extracts X X X X X X X X Extracts X X X X ..... order had been passed - Most of the issues raised are decided in favour of Revenue - There are certain issues relating to valuation of service rendered to the owner of the land which may need to be considered in view of certain guidelines issued by CBEC – construction was done collecting money from the persons for whom the flats were being constructed and at the end of construction, there was no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore, a show cause notice was issued which has been adjudicated resulting in confirmation of demand of tax of Rs.90,13,930/- along with interest and penalties. Aggrieved by the order, applicant has filed this appeal before Tribunal along with a stay petition which is under consideration. 2. The Ld. advocate for the applicant submits that they had entered into joint venture agreements with land ow ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce tax liability would arise. 3. Opposing the prayer, Ld. AR for Revenue submits that in these cases, Un Divided Share of land was first sold and registered in the name of persons wanting to get flats. Thereafter, construction was done collecting money from the persons for whom the flats were being constructed and at the end of construction, there was no registration of flat. Therefore it is a c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eal. 4. We have considered the submissions on both sides. We have already passed orders in large number of cases of this type. Most of the issues raised are decided in favour of Revenue in the case of LCS city Makers while disposing of the appeal. There are certain issues relating to valuation of service rendered to the owner of the land which may need to be considered in view of certain guideli ..... X X X X Extracts X X X X X X X X Extracts X X X X
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