Taxability of tenancy transfer fees - incoming tenants had ...

Tenancy transfer fees integrated into construction project finances, adjusted with Work in Progress for unified activity.

July 19, 2019

Case Laws Income Tax AT

Taxability of tenancy transfer fees - incoming tenants had obtain tenancy rights from outgoing tenants for a consideration and paid a sum of ₹ 5 Lacs to landlord/assessee being consenting party - assessee was pursuing only one project which was at the above stated site - receipt is in furtherance of carrying out the stated project only and part and parcel of the unified construction activity - will be adjusted with WIP

View Source

← Previous Next →

Taxability of tenancy transfer fees - incoming tenants had ...

Tenancy transfer fees integrated into construction project finances, adjusted with Work in Progress for unified activity.

July 19, 2019

Case Laws Income Tax AT

You may also like:

Classification of services - Contract for carrying out not only site grading but also construction of Roads, Boundary wall, Drains lines and associated works for crude...

Benefit of concessional rate of GST - Supply of works contract to the Indian Railways - construction services - The supply provided by the applicant does not fall under...

Classification of supply -Works Contract - composite supply of works contract service or not - movable or immovable project - the said project of construction for...

Input Tax Credit - input services - the applicant is engaged in development of port based smart city i.e. Smart Industrial Port City (SIPC) within...

The case involved a dispute over the classification of services provided under turnkey contracts as either Consulting Engineering Services or Works Contract Services....

Deduction VAT / TDS from the bills by the Recipient of work contract service - Sub-contractor of Main contractor - Non issue to TDS certificate since the amount was...

Nature of receipts - treatment to toll charges during the project construction - capital receipt or revenue receipts - toll receipts received during the period of...

Construction of canals for irrigation or water supply; construction or laying of pipelines/ conduits for lift irrigation conceived and integrated into a dam project,...

CIRP - Liability to pay transfer fee of 10% of the prevailing market value of the Kharagpur land - The court determines the validity of notices issued by the respondents...

Classification of services - applicability of GST rate - Works Contract - composite supply - receipt of contract for new construction of CBD railway station, platform,...

Transaction of transfer of tenancy rights - whether the impugned transfer of tenancy rights attracts the provisions of section 50C - held No. - AT

Levy of service tax - construction service or not - construction of Paryatak Bhavan - It is, therefore, clear from the aforesaid judgment of the Supreme Court in Larsen...

Levy of Service Tax - construction of compound wall/fencing - security agents services - Taking that definition of 'security agency' into section 65(105)(w) of Finance...

Construction service - works contract - Rate of tax on goods supplied under the contract, independent of the Works Contract being executed in the contract. -...

The summary covers the classification of services as works contract services or construction of residential complex service, valuation of services, inclusion of land...

Quick Updates: