https://www.taxtmi.com/caselaws?id=368620 Development-right consideration is not treated as accrued income where the arrangement is unregistered and the required statutory approvals for development remain pending; taxability arises only when the transaction is sufficiently complete and the consideration is finally earned. Proportionate development expenses linked to sanctioned floor space index are allowable when they directly relate to the income recognised from that project and the same accounting treatment has been consistently followed. Amounts moving between group concerns in a real estate consortium are not deemed dividend when they are commercial project funds used for business purposes rather than loans or advances in substance. en-us Mon, 08 Oct 2018 00:00:00 +0530 Thu, 11 Oct 2018 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368620 Development-right consideration is not treated as accrued income where the arrangement is unregistered and the required statutory approvals for development remain pending; taxability arises only when the transaction is sufficiently complete and the consideration is finally earned. Proportionate development expenses linked to sanctioned floor space index are allowable when they directly relate to the income recognised from that project and the same accounting treatment has been consistently followed. Amounts moving between group concerns in a real estate consortium are not deemed dividend when they are commercial project funds used for business purposes rather than loans or advances in substance. Case-Laws Income Tax Mon, 08 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368620