Court: | Income tax Appellate Tribunal -Mumbai Bench |
Head Notes: | Where the assessee purchased development rights, entered into a Joint Venture agreement, and agreed to contribute the said development right as ‘capital contribution’ at an agreed consideration to the AOP. The Assessing Officer while framing assessment treated transfer of the development rights under Section 50C of the Act. |
Law: | Income-Tax Act |
Section(s): | Section 45(3) & Section 50C |
Counsel(s): | Dr. K. Shivaram |
Dowload Pdf File | Click here to download the file in pdf format |
Uploaded By | Shashi Bekal |
Date of upload: | October 27, 2020 |
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