Cost ceilings for land under section 33A limit allowable capital cost by area; excess costs must be ignored. Substitution of the proviso to section 33A(7) sets per-hectare cost ceilings for capitalisation of land costs by location-Darjeeling district, other hilly areas, and other areas-and directs that any excess over the applicable ceiling shall be ignored; an Explanation defines the district of Darjeeling by reference to its territorial extent on the date of introduction of the Finance Bill, 1981. The substitution is effective from 1 April 1982.
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.
Cost ceilings for land under section 33A limit allowable capital cost by area; excess costs must be ignored.
Substitution of the proviso to section 33A(7) sets per-hectare cost ceilings for capitalisation of land costs by location-Darjeeling district, other hilly areas, and other areas-and directs that any excess over the applicable ceiling shall be ignored; an Explanation defines the district of Darjeeling by reference to its territorial extent on the date of introduction of the Finance Bill, 1981. The substitution is effective from 1 April 1982.
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