Sec 10(37)

This query is : Resolved

CA YOGESH GARG GMG PLYWOODS (Querist)
Follow

23 October 2012 u/s 10(37) it is written that
"such transfer is by way of compulsory acquisition under any law, or a transfer the consideration for which is determined or approved by CG or RBI"

i want to know, whether there are 2 different conditions out of which any one can be fullfilled or these both condition should be together (i.e. compulsory acquisition + approved by CG/RBI).

may i also know any case law where consideration is approved by RBI/ CG.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

23 October 2012 EIther one of the conditions has to be fulfilled.

Consideration is approved by RBI or CG when the land is taken over by armed forces, navy, etc.

Message likes : 1 times

CA YOGESH GARG GMG PLYWOODS

CA YOGESH GARG GMG PLYWOODS (Querist)
Follow

23 October 2012 okkkk. thank you sooo much

Upgrade to CAclubindia Pro. Subscribe Now!

Online classes for CA CS CMA