An allotment letter cannot substitute an agreement for sale, and joint property additions must be apportioned.
An allotment letter cannot substitute an agreement for sale, and joint property additions must be apportioned. Issue Whether a preliminary builder’s allotment letter can be treated as an “agreement fixing the amount of consideration” under the first proviso to section 56(2)(x)(b)(B) to substitute the registration date’s stamp duty value, and whether the entire difference between… Read More »