International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
AAR held that the applicant's proposed B+G+31 service apartment...
Authority rules B+G+31 service apartment is commercial building construction, not multi-storey residential for tax classification under RERA definition
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
AAR held that the applicant's proposed B+G+31 service apartment constitutes construction of commercial buildings and not multi-storied residential construction for tax classification purposes. The Authority found that statutory rate notifications permit the use of a building to be declared to RERA or the competent authority, and where the competent authority has classified the project as residential this does not override the substantive nature of the project; here the competent municipal authority's classification does not render the project residential. Having regard to the RERA definition of "apartment," the project's character and the competent authority's role, the service apartment falls within construction services of commercial buildings.
AAR held that the applicant's proposed B+G+31 service apartment constitutes construction of commercial buildings and not multi-storied residential construction for tax classification purposes. The Authority found that statutory rate notifications permit the use of a building to be declared to RERA or the competent authority, and where the competent authority has classified the project as residential this does not override the substantive nature of the project; here the competent municipal authority's classification does not render the project residential. Having regard to the RERA definition of "apartment," the project's character and the competent authority's role, the service apartment falls within construction services of commercial buildings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
