Vijay.H. Patil, Senior Advocate Supreme Court
Scheme to consolidate builder's operations of several project-specific AOPs into one company
(a) Will the AOPs be liable to tax on its GP after distributing share of
GP to the company?
(b) Will the Company's share of GP escape taxation in hands of the AOPs?
(c) Applicability of stamp duty on sale of units

IT Section: Stamp Duty, IT ss.194C, 194J, Service Tax