Sec. 2(22)(E), Sec. 142(1), Sec. 143(2), Section 132, Section 142, Section 153

Karnataka H.C : Agreement between the assessee and Smt. Vandana Poddar dated 24.05.2004 (seized documents A/BP/1) to pay her Rs.11 Crores and the payment of Rs. 11.05 Crores by MEL at the instance of the assessee who was the MS and the shareholder to M/s. Solid Real Estate Private Limited and in turn to Smt. Vandana Poddar would amount to deemed dividend as per Section 2(22)(e) of the Act, and the judgments of the Apex Court in 229 ITR 444, 290 ITR 893

High Court Of Karnataka CIT (Central) And Anr. vs. Basant Poddar Section 2(22)(e), 132, 142(1), 143(2), 153A Asst. Year 2004-2005

GST Caselaws

GST : The Applicant, a landowner, entered into an agreement with Builders & Developers for joint development and promotion of residential / commercial building – Whether the applicant being the landowner is liable to pay GST on premises allotted to him, which he intends to distribute among his family members – HELD – the applicant, being the person who has supplied development rights to a developer in respect of his land, is liable to registration and payment of tax – the Applicant is a supplier of a taxable service by way of transfer of undivided share of land and hence is liable to register himself and discharge the tax – the question is answered in affirmative

GST – Karnataka AAR – The Applicant, a landowner, entered into an agreement with Builders & Developers for joint development

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