Eye Share: Taxability of Development rights – A Pandora’s Box - Part II

In Part I of the article series, Mr. Sandesh Mundra (Sandesh Mundra & Associates, CA) along with Ms. Pooja Jajwani (CA) attempted to decode the taxability of development rights as per Indian Constitution and GST laws. Continuing therefrom, in Part 2, the authors analyse the scope of the word ‘land’ covered by Entry 49 of List II of Schedule VII of Constitution of India and quips whether it will cover ‘development rights’ as well....