taxed then value of the flats
cannot be taken at Rs.4500/- per sq.feet. In view of agreement
between HASH and THDC consideration ... terms of JDA to THDC/HASH
and also handed over the physical vacant possession of
the property to THDC/HASH, therefore, the assessee
became liable
taxed then value of the flats
cannot be taken at Rs.4500/- per sq.feet. In view of agreement
between HASH and THDC consideration ... terms of JDA to THDC/HASH
and also handed over the physical vacant possession of
the property to THDC/HASH, therefore, the assessee
became liable
cash
component referred to in clause 4.1 of the agreement and the value of the
flat which has to be given by the developer ... rate as per which HASH is liable to buy from
THDC. It is a clear indication of the value of flat, devoid of any special
yards. The society
entered into a tripartite joint development agreement with Hash Building
(P.) Ltd. & Tata Housing Development Company Ltd. whereby the assessee ... consideration
of Rs. 1,65,00,000/- plus two furnished flats, the value of which was
considered
Defence
Services Co-op. House Building Society Ltd., Mohali to M/s. Hash Builders Pvt. Ltd.,
Chandigarh and M/s. Tata Housing Development Company ... total consideration of Rs.1,81,25,000/- including the value of flat, be not charged to tax
u/s 45 read with section
assessee by the society on
behalf of its members to M/s Hash Builders (P.) Ltd. Chandigarh and M/s Tata
Housing Development Company ... cash and a furnished flat
measuring 2250 sq. ft., with market value of Rs.1,01,25,000/-, calculated
consent of its members entered into
tripartite Agreement with Hash Builders Pvt. Ltd. (HASH) and M/s Tata
Housing Development Company Ltd., Mumbai (THDC ... alongwith a flat measuring 2250
sq. ft. to be built by HASH. The cash consideration, however, was not to
be paid in one time
piece of land through tripartite Joint Development Agreement
with M/s Hash Builders (P) Ltd., Chandigarh and M/s Tata Housing
Development Company Ltd., Mumbai ... also
to get one flat of 2250 sq. ft. and the value of the flats was to the tune
having sold the same through
tripartite joint development agreement with M/s. Hash Builders
(P) Ltd., Chandigarh and M/s Tata Housing Development ... value of two flats as
accrued to the assessee during the Asst. Year 2007-08 for the
purposes
The Income Tax Officer, Jalandhar vs Sh. Sarwan Singh Phillaur, Jalandhar on 14 February, 2019
