MODEL TOWN SOCIETY LTD. versus INCOME TAX AUTHORITY TRIBUNAL
Section 27 Assessee's contract of land between the parties deciding to pay the balance price in installments with interest rates at specific parties, the receivables of receipt of interest / compensation by the Assisi for late payment of the equilibrium price. Will be determined by this role of The hand, while its nature will not be relevant to the payer's hands or the source from which it is paid, cannot be treated as receipt of compensation for the acquired land which is due to any delay in the property. Payment is received more than the source and the original price. Payment was not part of the sale price. Such receipt cannot be considered a capital receipt for non-part of the sale price and will be subject to tax principles. \ n \ r \ n
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