AAR: Land Development under JDA not a sale of land but taxable as 'works-contract service'

Madhya Pradesh AAR holds that activity of development of land under joint development agreement (JDA) entered into with landowners cannot be classified under Para 5 of Schedule III (sale of land), same constitutes a ‘supply of service’; Notes that in terms of the agreement, applicant undertakes development of plots which includes civil construction, construction of concrete roads & compound walls, development of garden, etc. and revenue accruing from sale of...