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1 - 10 of 17 (0.08 seconds)Section 55 in The Income Tax Act, 1961 [Entire Act]
Section 45 in The Income Tax Act, 1961 [Entire Act]
The Ito vs Lotia Court Co-Op. Housing Society Ltd. on 6 June, 2008
5. ITO v/s Lotia Court Co. Op. Hsg. Sct. Ltd., (2008) 12 DTR (Mum.)
396, order dated 6th June 2008.
Section 49 in The Income Tax Act, 1961 [Entire Act]
Gvk Inds. Ltd & Anr vs The Income Tax Officer & Anr on 1 March, 2011
6. Maheshwar Prakash Co. Op. Hsg. Sct. Ltd. v/s ITO, [2009] 118
ITD 223 (Mum.), order dated 15th May 2008.
Commissioner Of Income Tax, Bangalore ... vs B. C. Srinivasa Setty, Etc. Etc on 19 February, 1981
19. Applying the above ratio to the facts of the TDRs, unlike self
generated goodwill, where it is not possible to determine the date of
acquisition, in the case of TDRs the date of acquisition is clearly
ascertainable, which is evidenced in the form of Development Right
Certificate issued by the BMC. Further in B.C. Srinvas Shetty's case, it
was held that the goodwill generated in newly commenced business
cannot be described as an 'asset' within the terms of section 45 of the
Act. In view of the above discussion it is evident that the ratio of B.C.
Srinivas Shetty is also directly not applicable to the TDRs and hence is
distinguishable.