Construction of building intended for sale: tax applicability where consideration includes land value, except after completion certificate or first occupation. The amendment confines the provision to construction of a complex, building or part thereof intended for sale where the amount charged includes the value of land or undivided share of land, and excludes cases where the entire consideration is received only after issuance of a completion certificate or after first occupation, whichever is earlier.
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.
Construction of building intended for sale: tax applicability where consideration includes land value, except after completion certificate or first occupation.
The amendment confines the provision to construction of a complex, building or part thereof intended for sale where the amount charged includes the value of land or undivided share of land, and excludes cases where the entire consideration is received only after issuance of a completion certificate or after first occupation, whichever is earlier.
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