9911796707
TMI Blog2014 (12) TMI 958X X X X Extracts X X X X X X X X Extracts X X X X ..... in their own name and without giving full consideration to the land owner, with the builder. There is no registered sale deed transferring land in the name of the present applicant. As per the definition of ‘real estate agent’ as provided under Finance Act, real estate agent means a person who is engaged rendering any service in relation to leasing or renting of real estate agent. In the present c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - along with interest and penalty. The demand is confirmed on the ground that applicant has provided the real estate agents service. The contention of the applicant is that the applicant entered into an agreement with various owners of the land for purchase of land. The applicant had paid the advance to the land owners and as per the agreement to sell, the total consideration amount is to be paid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cy means a person who is engaged in rendering of any service in relation to the sale, purchase, leasing or renting of real estate and includes real estate consultant. In the present case, applicants only entered into an agreement for sale with the land owner and subsequently identified a buyer i.e. the builder and the registration of land for sale is between the owner and the buyer. Under these ci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in relation to leasing or renting of real estate agent. In the present case, the activity undertaken by the applicant is real estate agency as the applicant had not transferred the land in his name before entering into an agreement for sale with the builder. Therefore, we find no merit in the contention of the applicant that it is a case of sale and purchase of land. Under these circumstances as ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
