Tuesday, September 3, 2019

Provision of sec. 43CA not applicable if builder entered into agreement to sell under-construction flats

INCOME TAX : Where assessee, engaged in construction of a commercial project, entered into agreement to sell flats/offices (which were under construction) and there was no transfer of any land or building or both in favour of buyers in year under appeal, provisions of section 43CA could not be made applicable to assessee's case

from www.taxmann.com Latest Case Laws https://ift.tt/2NNQHUC
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