A land premium is nothing but a revenue receipt in the form of ...

Case Laws Income Tax

October 1, 2018

A land premium is nothing but a revenue receipt in the form of advance rent which has loosely been named as land premium. Since the assessee is showing annual rent on account of such leasing of the plots, there is no reason why the advance rent received should be taxed accordingly.

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A land premium is nothing but a revenue receipt in the form of ...

Case Laws Income Tax

October 1, 2018

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