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Year of taxability on transfer of lease hold rights of immovable property
Case Law Details
- Case Name
- Atlas Automotive Components Pvt. Ltd. Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2001- 2002
- Courts
- ITAT Mumbai
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RELEVANT PARAGRAPHS
21. In view of the above submissions of the assessee and in view of the fact that M/s.Sky Blue Trading & Investment Pvt. Ltd. is sister concern of the assessee, we find no merit in the contentions of the assessee that the transaction between the assessee and M/s.Sky Blue Trading & Investment Pvt. Ltd. fell through because of the non-compliance of the conditions stipulated in the Memorandum of Understanding dated 26.02.2001. Admittedly, the assessee had entered into the assignment agreement for the transfer of leasehold rights in piece of land measur...
i like to know what is procedure of transfer the midc lease plot. example plot no.p 18 of midc purches the midc auction for two person