Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
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Under a joint development agreement, transfer for capital-gains purposes may occur when the developer is permitted to enter the land and undertake development in part performance of the agreement, regardless of a recital that possession was not delivered. Receipt or sale of allotted flats is treated as a separate taxable stage and does not defer the transfer of land and development rights. Consideration for the landowner is determined by the stamp duty value of the built-up area received, rather than the developer's construction cost, with applicable indexed cost and expense deductions. Under the then applicable law, multiple allotted residential flats may qualify collectively as a residential house for exemption under sections 54 and 54F.
Under a joint development agreement, transfer for capital-gains purposes may occur when the developer is permitted to enter the land and undertake development in part performance of the agreement, regardless of a recital that possession was not delivered. Receipt or sale of allotted flats is treated as a separate taxable stage and does not defer the transfer of land and development rights. Consideration for the landowner is determined by the stamp duty value of the built-up area received, rather than the developer's construction cost, with applicable indexed cost and expense deductions. Under the then applicable law, multiple allotted residential flats may qualify collectively as a residential house for exemption under sections 54 and 54F.
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