https://www.taxtmi.com/caselaws?id=18191 A development agreement for construction of a building complex can fall within Chapter XXC where it involves demolition, redevelopment, allocation of built-up area, and rights in common areas, bringing it within the extended statutory concepts of immovable property and transfer. However, a pre-emptive purchase order cannot stand if it treats the transaction as acquisition of a segregated physical portion not covered by the agreement and if consideration is not tendered within the mandatory statutory framework for payment and possession. The proceedings were found not to violate natural justice because notice and opportunity to respond were afforded within the statutory schedule. en-us Thu, 11 Jul 1996 00:00:00 +0530 Tue, 29 Sep 2009 13:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18191 A development agreement for construction of a building complex can fall within Chapter XXC where it involves demolition, redevelopment, allocation of built-up area, and rights in common areas, bringing it within the extended statutory concepts of immovable property and transfer. However, a pre-emptive purchase order cannot stand if it treats the transaction as acquisition of a segregated physical portion not covered by the agreement and if consideration is not tendered within the mandatory statutory framework for payment and possession. The proceedings were found not to violate natural justice because notice and opportunity to respond were afforded within the statutory schedule. Case-Laws Income Tax Thu, 11 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18191