Raj Ratan Palace Co-op Hsg Soc vs. DCIT (ITAT Mumbai)- The assessee-society had merely given permission to the developer to construct on the society’s land. No part of the land was ever transferred by the society. The Society continued to be the owner of the land and no change in ownership of land had taken place. Mere grant of consent will not amount to transfer of land/or any rights therein. The amount of Rs. 3.02 crores received by the members (on which some of them had paid tax) was not assessable in the assessee’s hands either u/s 2(24) or as capital gains
Notification No. 38/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 879(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 998(E), dated the 5th July, 2006, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 16, “Building a general corpus fund for Helpage India’s work” by Helpage India, C-14, Qutab Institutional Area, New Delhi – 110016, as an eligible project or scheme for a period of three years beginning with financial year 2006-07 and which was extended further vide Notification number S.O. 2048(E) dated the 25th June, 2009 for a period of three years beginning with financial year 2009-10;
Notification No. 37/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 878(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 24, Kidney care by Arogyaseva Medical Academy of India, 32/2 A, Erandawane, Pune-411004, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
Notification No. 36/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 877(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 973(E), dated the 14th December, 1995, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had notified at serial number 9, “Construction, equipments, furnishing and running of Smt, Lakshmi Shah Rural Medical and Research Centre” by Smt. Lakshmi and Shri Jankilal Shah Foundation, 9, Naples, Sobini Road, Cuffe Parade, Mumbai – 400 005, as an eligible project or scheme for a period of three years beginning with assessment years 1996-97 which was extended further vide Notification number S.O. 688(E), dated the 11th August, 1998 for a period of three years beginning with assessment year 1999-2000
Notification No 35/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 876(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 708(E), dated the 25th May, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 10, “Project for handicapped persons” by Disabled Welfare Trust of India, Surat 1058, Dhobi Sheri, Nanpura, Surat-1, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 1300(E), dated 4th June, 2008 for a further period of three years beginning with financial year 2008-09;
Notification No. 34/2011- Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 875(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1111(E), dated the 8th August, 2005, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 14, “Prevention of kidney diseases through awareness programme” by India Renal Foundation, 60-61, A Wing, Nobles, Opp. Nehru Bridge, Ashram Road, Ahmedabad – 380009, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 765(E), dated 18th March, 2009 for further period of three years beginning with financial year 2008-09;
Notification No. 33/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 874(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 458(E), dated the 30th March, 2006, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 6, “Empowering the poor-rural development project” by Vidya Pratishthan, Vidyanagari, Bhigwan Road, Baramati District Pune – 413133, Maharashtra, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 2390(E), dated 3rd October, 2008 for further period of three years beginning with financial year 2008-09;
Notification No. 32/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 873(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 458(E), dated the 30th March, 2006, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 7, “Sustainable development through biotechnology” by Vidya Pratishthan, Vidyanagari, Bhigwan Road, Baramati, Pune – 413133, Maharashtra, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 2371(E), dated 3rd October, 2008 for further period of three years beginning with financial year 2008-09;
Notification No.31 /2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 872(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 708(E), dated the 25th May, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 9, “KG crusade against childhood blindness” by K. Govindaswamy Naidu Memorial Trust, 5, Govt. Arts College Road, Coimbatore – 641018, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 251(E), dated 21st January, 2009 for further period of three years beginning with financial year 2008-09
Notification No. 30/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 871(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1111(E), dated the 8th August, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 7, “Akshar centre for hearing impaired” by Akshar Trust, Meghdoot, R.C. Dutt Road, Alkapuri, Baroda-390007, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 1463(E), dated 17th June, 2008 for further period of three years beginning with financial year 2008-09;
