Exemption u/s. 54 in respect of more than one residential flat acquired by assessee under joint development agreement with builder

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1. Iridia says:

   Iridia Noida every type in sector eighty six, Noida state highway, Noida. For Best Rate, Iridia Noida, Horizon idea.

   The distinctive merchandising proposition of Horizon Iridia is its location that is handily accessible from the neighboring cities moreover as distinguished states of Northern Asian country. The project looks to leap out from Mother Nature’s lap.

     Reply

   March 19, 2013 at 11:58 am
2. RAVICHANDRAN R says:

   Sir,

   In my opinion (may be wrong or right) if different separate houses are constructed on a same plot of land, then each house has got its own status of habitable condition fit for dwelling purposes individually. The case law is concerned with different flats constructed on a same piece of plot of land which could not be identified individually with relevance to each separate flat eventhough the undivided share of land could be determined. Hence I think section 54(1) could not be invoked to the querey raised by you. If any wrong idea is exposed, pl bear with me and come out with good ideas. Thanks

     Reply

   February 28, 2012 at 8:10 pm
3. M.SUNDARA MOORTHI says:

   DOES THIS ALSO HOLD GOOD IF AN ASSESSEE CONSTUCTS THREE SEPARATE DWELLING UNITS IN ON PLOT OF LAND?

     Reply

   January 30, 2012 at 10:29 am