Inclusion of land in Working of cost of the real estate ...

Case Laws Income Tax

August 31, 2019

Inclusion of land in Working of cost of the real estate development project - if the cost of land is included in the percentage of the project completion, then it would show that the project has been substantially completed say, to the extent of 50-60% at the beginning itself - Hence, for working out percentage of completion, land value should not be included - directed to accept percentage of work as determined by the assessee

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Inclusion of land in Working of cost of the real estate ...

Case Laws Income Tax

August 31, 2019

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