Income Tax : Meaning of Joint Development Agreement In a Joint Development Agreement, land owner contributes his land and enters into an arrang...
Service Tax : All of us would have observed reports in the press, that the Hon’ble Delhi High Court has ruled on 3.6.2016, in the case of a wr...
Service Tax : In case of a Real estate and construction industry, where due to various political and economical reasons we have seen that there ...
Finance : An amendment in the Development Control Regulation 33 (9) pertaining to cluster redevelopment has given tenants of old, cessed bui...
Income Tax : These are two appeals by two assessees against the orders of the Commissioner of Income Tax (Appeals)-5, Hyderabad, for the AY. 20...
Corporate Law : The Bombay high court has once again ruled that members of a co-operative housing society who are in minority cannot obstruct a re...
Meaning of Joint Development Agreement In a Joint Development Agreement, land owner contributes his land and enters into an arrangement with the developer to develop and construct a real estate project at the developer’s cost.The key feature of JDA is that the land owner contributes land and developer undertakes the responsibility of obtaining approvals, property […]
These are two appeals by two assessees against the orders of the Commissioner of Income Tax (Appeals)-5, Hyderabad, for the AY. 2009-10. Since common issues are involved in both of these appeals, these are heard together and decided by this common order
All of us would have observed reports in the press, that the Hon’ble Delhi High Court has ruled on 3.6.2016, in the case of a writ petition, that in the case of a composite contract between a buyer of an apartment and the developer of the apartment, wherein the total value of the apartment includes the value of land also, no service tax can be levied.
In case of a Real estate and construction industry, where due to various political and economical reasons we have seen that there is a sharp downturn being noted in the sale of residential and commercial construction projects irrespective of fact that the prices of land are still reaching sky high.
The Bombay high court has once again ruled that members of a co-operative housing society who are in minority cannot obstruct a redevelopment project and must abide by the majority decision of the society, unless they show that here is some prejudice caused to them or a fraud has been committed.
An amendment in the Development Control Regulation 33 (9) pertaining to cluster redevelopment has given tenants of old, cessed buildings in the island city the right to select their own builder. However, the ultimate power to sanction such schemes still rests with the landlords as without their consent no redevelopment can take place.
