PPD Living Spaces Pvt. Ltd ., In re
Date: September 26, 2018
Subject Matter
ITC paid on goods/services consumed for the development of the land, in respect of the plots sold after the issuance of Completion Certificate is liable to be reversed on pro rata basis.
Summary
The applicant is executing a layout development project ‘Emerald Hills’. They have converted eleven acres of property into residential plots with the facility of paved roads up, water and electricity supply to each plot, water drains, tre…
The applicant is executing a layout development project ‘Emerald Hills’. They have converted eleven acres of property into residential plots with the facility of paved roads up, water and electricity supply to each plot, water drains, trees, party hall, health club, play courts, compound wall etc. Total i) Is it correct to structure agreement by fixing the land cost by absorbing…