Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Purchase by Central Government of immovable properties: defines apparent consideration and transfer for compulsory vesting and valuation consequences. Defines key terms under Chapter 269UA: an agreement for transfer is any transfer agreement; immovable property includes land, buildings and related fixtures or rights arising from non sale transactions; person interested covers claimants to consideration on vesting. Apparent consideration is prescribed by transaction type (sale, exchange, lease), and deferred payments are taken at their discounted value using a prescribed interest rate. Transfer means sale, exchange or lease of twelve years or acts transferring or enabling enjoyment of rights in category (ii) properties.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Purchase by Central Government of immovable properties: defines apparent consideration and transfer for compulsory vesting and valuation consequences.
Defines key terms under Chapter 269UA: an agreement for transfer is any transfer agreement; immovable property includes land, buildings and related fixtures or rights arising from non sale transactions; person interested covers claimants to consideration on vesting. Apparent consideration is prescribed by transaction type (sale, exchange, lease), and deferred payments are taken at their discounted value using a prescribed interest rate. Transfer means sale, exchange or lease of twelve years or acts transferring or enabling enjoyment of rights in category (ii) properties.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.