Shrinivasa Realcon Private Ltd. Vs Deputy Commissioner Anti-Evasion Branch
Date: April 8, 2025
Subject Matter
Private Development Agreement Without Statutory TDR/FSI Outside Scope of Entry 5B of Notification 2/2019 - CT(Rate)
Summary
• Facts – On 07.01.2022 the petitioner (a developer) and a land‑owner entered into an “agreement of development” under which the developer would construct a multi‑storied complex on Plot No. 2, Lendra, using the property’s own FSI or any future incre…
FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT On 11.12.2024, while issuing notice we have recorded the following position. “1. Heard Mr. A.A. Naik, Senior Advocate advocate for the petitioner. 2. The petition questions the notice dated 24.7.2024 (Page 120), by which the petitioner has been asked to pay the amount of tax as ascertained upon the transaction as contemplated by the agreement of…