Taxman alleged IT park firm was a tax dodge; ITAT rules for five landowners
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In 2005, the landowners and the same builder executed a registered joint development agreement (JDA). Under the arrangement, the builder was granted development rights and a Power of Attorney (POA) was executed for various purposes. The builder also paid the landowners a refundable, interest-free deposit of Rs 37.25 lakh. What's Your Reaction?
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