2016-VIL-97-MAD
M/s ARIHANT UNITECH REALITY PROJECTS LTD Vs THE ASSISTANT COMMISSIONER (CT), CHENNAI
Tamil Nadu Value Added Tax Act – Section 2(21) – Goods – sale of land – revenue deemed land development and construction charges incurred by the petitioner as the sale consideration, for the construction of the flats – levy ox tax and penalty
- HELD – the first respondent shall cause an inspection of the property in question, by way of a spot inspection, before passing appropriate proceedings, with regard to the amount of tax and penalty
- Matter remitted for passing fresh orders, after giving an opportunity of personal hearing and by considering the further objections to be filed by the petitioner
- Impugned proceedings set aside – assessee petition allowed by remand