Timing of tax liability: liability is fixed in the tax period in which completion certificate issuance or first occupation falls. Amendment clarifies that tax liability shall be determined in a tax period not later than the tax period in which the date of issuance of the completion certificate for the project, or the date of its first occupation, whichever is earlier, falls, and substitutes ',who shall' for the prior descriptive phrase identifying the liable person.
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.
Timing of tax liability: liability is fixed in the tax period in which completion certificate issuance or first occupation falls.
Amendment clarifies that tax liability shall be determined in a tax period not later than the tax period in which the date of issuance of the completion certificate for the project, or the date of its first occupation, whichever is earlier, falls, and substitutes ",who shall" for the prior descriptive phrase identifying the liable person.
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