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1 result for “house property”+ Section 50C(1)clear

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Section 50C2

COMMISSIONER OF INCOME TAX 8 MUMBAI vs. GLOWSHINE BUILDERS AND DEVELOPERS PVT. LTD. MANAGING DIRECTOR

C.A. No.-002565-002565 - 2022Supreme Court04 May 2023

Bench: HON'BLE MR. JUSTICE M.R. SHAH

Section 142(1)Section 50C

1). The assessee was requested to explain as under: ­ (i) “You   are   aware   that   perusal   of   AIR information,   copy   of   'Development Agreement'   dt.   06.05.2008   revealed that   you   had   entered   into "Development   Agreement"   with   M/s. Kirit   City   Homes   Mau,   Pvt.   Ltd   in respect of various properties as detailed in the said agreement. It is also seen that   you   had   received