https://www.taxtmi.com/caselaws?id=342996 Transferable development rights and development rights certificates received under slum rehabilitation agreements were treated as other valuable consideration because they were transferable, had an ascertainable market value, and could be converted into money. On that basis, the Maharashtra Value Added Tax Act, 2002 was held wide enough to treat the arrangement as a taxable works contract sale involving transfer of property in goods during execution of the work. The machinery provisions could be used to compute tax on the value of the consideration received, and the tax determination was sustained against the assessee. en-us Tue, 25 Apr 2017 00:00:00 +0530 Fri, 23 Mar 2018 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342996 Transferable development rights and development rights certificates received under slum rehabilitation agreements were treated as other valuable consideration because they were transferable, had an ascertainable market value, and could be converted into money. On that basis, the Maharashtra Value Added Tax Act, 2002 was held wide enough to treat the arrangement as a taxable works contract sale involving transfer of property in goods during execution of the work. The machinery provisions could be used to compute tax on the value of the consideration received, and the tax determination was sustained against the assessee. Case-Laws VAT and Sales Tax Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342996