Search Results Page
Search Results
1 - 10 of 39 (0.29 seconds)Section 80IB in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 153A in The Income Tax Act, 1961 [Entire Act]
Section 54B in The Income Tax Act, 1961 [Entire Act]
The General Clauses Act, 1897
Section 53A in The Transfer Of Property Act, 1882 [Entire Act]
The Finance Act, 2018
Section 80 in The Income Tax Act, 1961 [Entire Act]
Faqir Chand Gulati vs Uppal Agencies Pvt. Ltd. & Anr on 10 July, 2008
43. We may at this stage examine the ratio of different judgments cited by the Revenue. The
decision in case of Faqir Chand Gulati vs. Uppal Agencies Private Limited and another
(supra) was rendered in the background of the provisions of the Consumer Protection Act. In
the case before the Apex Court, the land owner had entered into an agreement with the
builder requiring him to construct apartment building on the land in question. Part of the
constructed area was to be retained by the owner of the land. In consideration of the land
price remaining area was free for the builder to sell. When the land owner found series of
defects in the construction, he approached the Consumer Protection Forum. It was in this
background the Apex Court was considering whether the land owner can be stated to be a
consumer and the builder a service provider. It was in this background that the Apex Court
made certain observations. Such observations cannot be seen out of context nor can the
same be applied in the present case where we are concerned with the deduction under
Section 80IB( 10) of the Act.