Applicability of IT Rules on Plot Society and Flat Society are not similar


Last updated: 29 February 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
On the facts and in the circumstances of the case and in law, the learned CIT(A) erred in deleting the premium on transfer fees of Rs. 10,60,000 received from members relying on the decision of the Mumbai High Court in the case of Sind Coop. Hsg. Socy. (2009) 26 DTR (Bom.) 149.

Citation :
Income Tax Officer, Ward-21(1)-3 C-10, R.No.605, Pratyakshakar Bhavan, Bandra Kurla Complex Bandra (E), Mumbai 400 051 PAN – AAAAT0325L . Appellant V/s M/s. Navyug CHS Ltd.Plot no.51, Jai Hind Recreation Club 11th Road, 2nd Floor, JVPD Scheme Juhu, Mumbai 400 049 PAN – AAAAT0325L Respondent

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CS Bijoy
Published in Income Tax
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