https://www.taxtmi.com/highlights?id=34844 Sale / Deemed sale - Transferable Development Rights (TDR) - whether handing over and construction of tenements to SRA amounts to sale within the meaning of MVAT or not? - To say that what they have obtained is an immovable property in exchange or in lieu of the cost of construction incurred by them means not presenting a true and complete picture - on the strength of that prevailing price in the market, the tax liability can be computed - HC en-us Wed, 17 May 2017 07:29:03 +0530 Wed, 17 May 2017 07:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34844 Sale / Deemed sale - Transferable Development Rights (TDR) - whether handing over and construction of tenements to SRA amounts to sale within the meaning of MVAT or not? - To say that what they have obtained is an immovable property in exchange or in lieu of the cost of construction incurred by them means not presenting a true and complete picture - on the strength of that prevailing price in the market, the tax liability can be computed - HC Highlights VAT and Sales Tax Wed, 17 May 2017 07:29:03 +0530 https://www.taxtmi.com/highlights?id=34844