MODEL TOWN COOPERATIVE SOCIETY LIMITED, LAHORE versus INCOME-TAX APPELLATE TRIBUNAL, LAHORE
Section 27 Capital Gain Interest Land Acquisition The value of the land paid in installments was determined by an agreement between the reviewer (s) and the transferor during the acquisition of the land. The interest interest accrued by Assessee on the payment of the sale price delay under such contract was not part of the sale price nor was the compensation for any injury to the capital asset the value of the land for a period. There was a loss in estimating the price at which the interest amount could not be considered part of the sale price because it was not I was The default, which was to be deducted after payment of each installment, is that interest payments can be avoided by paying the remaining sales price simultaneously at any one time after the execution of such agreement. For interest in delayed payment of sale price interest was directly or indirectly related to the ownership interest of donkeys or the cost of land between the parties was not compensated for the injury to the fixed asset capital asset, only the original capital asset. Price constitutes receipt of capital Any payment is either made in the event of a disturbance for the former leave of the land, or as compensation for deferment of the payment of the price, rather than being acquired by the capital itself. Money will not be a receipt for the capital
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