Valuation - Independent transaction of purchase of land and ...

Court Allows Interim Relief in Land Purchase and Bungalow Construction Case; Applicant to Deposit Tax Amount Pending Writ Outcome.

January 30, 2021

Case Laws GST HC

Valuation - Independent transaction of purchase of land and construction contract for construction of bungalow on such land - Interim relief granted - We permit the writ applicant to deposit the amount of tax as raised under the invoice without prejudice to his rights and contentions as raised in this writ application. - HC

View Source

← Previous Next →

Valuation - Independent transaction of purchase of land and ...

Court Allows Interim Relief in Land Purchase and Bungalow Construction Case; Applicant to Deposit Tax Amount Pending Writ Outcome.

January 30, 2021

Case Laws GST HC

You may also like:

This case deals with the applicability of Section 153, the limitation provision, to proceedings u/s 144C of the Income Tax Act. The key issues are whether the 11-month...

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...

Exemption u/s 54F - land purchased for construction of house but stayed by the court - the entire amount spent by the assessee in purchasing the land should be construed...

The High Court declined to grant interim relief, emphasizing that the amended writ petition raised numerous complex grounds which cannot be adjudicated fully at the...

Applicant stock broker sought bail in case involving creation of fake Demat accounts and siphoning off money from dormant shareholder accounts. Court held despite...

Correct head of income - The same land when assessee in case, decided to continue with the film production, will be used for the assessee’s business as business asset....

The Supreme Court held that the acquisition proceedings failed to comply with the statutory requirement of paying full and final compensation to the landowners before...

This case deals with the taxability of compensation paid to landowners for land acquisition. The court held that u/s 96 of the Right to Fair Compensation and...

Disallowance u/s 40A(3) - cash payment made by the assessee for purchase of land - issue of disallowance of expenses does not arise as the amount paid for purchase of...

Capital gain arising on transfer of land - STCG arising out of the transfer of non-agricultural land - real owner - The appellant asserts that the land was purchased on...

Nature of land sold appurtenant to the bungalow - whether agricultural land within the meaning of Section 2(14)(a)(iii) of the Act and hence, its sale proceeds are...

The Court dismissed the applications filed by the applicant company, SMS Textiles Limited, observing that it is a shell company of the company in liquidation and its...

Application for settlement of cases u/s 245C - Writ petition was pending when the Settlement Commission was abolished and Interim Board was brought into operation. This...

The assessee purchased agricultural land whose stamp duty valuation was lower than the actual purchase consideration. The authorities sought to invoke section 56(2)(x)...

Indexation benefit allowed from date of allotment letter for capital gain on land sale. Cost of acquisition determined from books for separately maintained land parcel...

Quick Updates: