assessee of Rs.1,58,40,500/- of amount
paid to MIDC;
5
ITA No.3513/Mum/2016 and other 10 appeals ... being amount paid to
Maharashtra Industrial Development Corporation (MIDC) on account of
difference between agreement value and ready reckoner rates of the
stamp valuation authority
Airoli, Navi Mumbai to Maharashtra
Industrial Development Corporation(hereinafter called as MIDC). The said
authority MIDC has allotted 50 acres of land for a consideration ... sanction and permission of
4
ITA No.1132 and 1133/Mum/2016
MIDC for Rs. 100,80,00,000/- from both the parties in equal
assessee company has entered into an agreement with Maharashtra Industrial Development Corporation (MIDC) on 5th March, 1992 by which the assessee was given 50 acres ... land by MIDC for the purpose of factory plant at Kalva, Thane and the period of lease is 99 years. An amount
development of IT Park situated at Plot No. I.T 5
(MIDC) Airoli Knowledge Park, Navi Mumbai. The assessment of the
assessee ... under a JV agreement
wherein land of 50 acres was allotted by MIDC for setting up I T Park
at Navi Mumbai . The said order
Swastik Household And Industrial ... vs Income-Tax Officer on 9 November, 1987
Equivalent citations: [1988
agent
of the State Government without considering the decision of MIDC [relied upon
by the Ld. CIT(A)] wherein the Hon High Court has held ... Jurisdictional High Court of
Bombai in the case of MIDC with respect to claim of immunity from
taxation under Article 289 of the Constitution
Briefly stated, the assessee viz. Maharashtra Industrial Development
Corporation (for short „MIDC‟) which is an industrial development
corporation formed under the Maharashtra Industrial Development ... MIDC Act ) is engaged in development of industrial assets by providing
basic infrastructure facilities like land, roads, street lights, water supply,
drainage etc. The assessee
crores paid by the assessee to
Maharashtra Industrial Development Corporation (MIDC) on lease for 99 years of land
by MIDC for the purpose of setting ... cost of land paid to the liquidator for the
lease land from MIDC should be allowed to be considered for 71 years of lease
period
crores paid by the assessee to Maharashtra Industrial
Development Corporation (MIDC) on lease for 99 years of land by
MIDC for the purpose of setting ... cost of land paid to the liquidator
for the lease land from MIDC should be allowed to be considered for
71 years of lease period
article has been published under the
heading "Two flop actions prompt MIDC to mull change in IT park policy
