70% Sale Consideration Diverted by Overriding Title to Collaborator Cannot Be Taxed as Assessee’s Income
70% Sale Consideration Diverted by Overriding Title to Collaborator Cannot Be Taxed as Assessee’s Income Issue Whether 70% of the sale proceeds payable to a collaborator under a valid written collaboration agreement stands diverted by overriding title and can be excluded from the builder assessee’s taxable income, and whether the documented cost of acquisition of… Read More »