Tax liability timing: recognition required within the tax period containing the project's completion certificate or first occupation. The amendment substitutes wording to clarify the actor and timing of tax liability: it replaces the subject phrase with ', who shall' and requires that liability be recognised 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.
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.
Tax liability timing: recognition required within the tax period containing the project's completion certificate or first occupation.
The amendment substitutes wording to clarify the actor and timing of tax liability: it replaces the subject phrase with ", who shall" and requires that liability be recognised 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.
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