Indore ) & SEZ Ltd.,Indore -: 12 :-
allotment of land and land premium were also taken at
ministry level. The assessee company merely act on behalf ... lands for the purpose of
development of industrial area from private land owners
the entire such lands have been recorded in the land
records under
increase in the price of flat is the revised land rate/land premium charged by the DDA. An interesting argument was raised that the land ... enhancement of one component of post is on account of land rate/land premium from
leasehold rights in the said leasehold land and not for
the use of the land. That lease premium are consideration for purchase
of larger interest ... there is a difference between rent and premium.
Premium is not paid for the use of land.
When the interest of the Lessor is parted
leasehold rights in the
said leasehold land and not for the use of the land. That lease premium are
consideration for purchase of larger interest ... there is a difference between rent and premium. Premium is not paid for the
use of land.
When the interest of the Lessor is parted
rights in lands. Section 58 of
the Revenue Code empowers the State Government to levy
land revenue on all land except the land that ... land is used. Thus, in the
event of diversion of land from a particular land use to
another land use, a reassessment of the land
issued a
letter to the petitioner informing the petitioner to pay land premium to
the tune of Rs.2,64,81,280/-. Accordingly, petitioner paid ... first
installment of Rs.39,72,192/- towards part payment of land premium on
16 May 2016.
25. It is sated that the Deputy Collector
shall be at "old cost + interest".
3. Sur-charge
The premium of 20% over the disposal cost worked out on current cost ... While working out the current disposal cost, in addition to current land premium at pre-determined rate, Actual Period Interest @ 10% per annum shall
receives premium at the time of allotment. As per
agreement with the respective parties, the advance premium on land /
constructed units was refundable ... assessee then gave some working of land cost both for the
sale of land and portion of land utilized for construction. He also then took
cost of the land and the land rate to be applied. The rules prescribed the manner of fixation of premium for allotment of Nazul land ... premium as determined in the manner stated above. However, if in the view of the Ministry the premium charged by DDA for institutional lands from
crores (including interest) against allotment amount of Rs 1659.25 crores towards land premium and Rs. 195.73 crores (including interest) towards lease rent against ... Hence, most of the payments had already been made and outstanding land premium was only to the tune of Rs. 547.77 crores including interest
