https://www.taxtmi.com/caselaws?id=165967 The Karnataka HC upheld a remand where the true character of a development arrangement, exchange deed and related construction/payment material had not been properly examined. It noted that the authorities below failed to assess the transaction in the correct factual and legal setting, including the effect of article 366(29A) on deemed sale. The revisional authority's direction for fresh inquiry was therefore justified, and the assessing authority was required to re-examine the matter on the available and additional material. en-us Tue, 09 Nov 2010 00:00:00 +0530 Fri, 19 Sep 2014 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165967 The Karnataka HC upheld a remand where the true character of a development arrangement, exchange deed and related construction/payment material had not been properly examined. It noted that the authorities below failed to assess the transaction in the correct factual and legal setting, including the effect of article 366(29A) on deemed sale. The revisional authority's direction for fresh inquiry was therefore justified, and the assessing authority was required to re-examine the matter on the available and additional material. Case-Laws VAT and Sales Tax Tue, 09 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165967