Tag Archives: development agreement

Tribunal provide method of Calculating Capital gains and Business profit in case of sale of flats under development agreement

Facts of the case The assessee M/s. Goman Agro Farms Pvt. Ltd acquired lands in two pieces to the extent of seven acres in the financial year 2002-03 at Survey No.194 Bachupalli Village, Ranga Reddy District. Thereafter, it incurred some expenditure on fencing, laying of roads, etc. in respect of the said land during the… Read More »