Sometimes sellers don`t want to move large items around the city, let alone cross-country, so they prefer the buyer to keep them – but not necessarily for free. Finally, you may want to recoup some of the cost of that baby wing, but you may not want to bear the cost of transportation to your new place. „Never advertise by agreeing to sell or leave items at home until you accept a price for the house during contract negotiations,“ Knox advises sellers. Make the house transaction and the furniture transaction two separate agreements. After selling the house and signing the contract, „you can then offer other items to the buyer at an additional price.“ Cit (appeals) and the Income Tax Appeal Tribunal both rejected Assessee`s assertions. On appeal, the Delhi Supreme Court also upheld the non-justice for the deduction of the amount paid for furniture and furniture as acquisition/improvement costs. other parts of the agreement that are not reproduced, as they are not relevant to our purposes) As the assessment officer found, there was no agreement or registered act on this matter. The valuation officer correctly noted that no reference to paragraph 18 lakhs relating to the purchase of furniture and furnishings was made in the sales documents through a separate agreement for paragraph 12 Lakhs. The alleged purchase was made only by an invoice.
Even examining the invoice would not reveal the details of display cases, windows, barbecues, cupboards, dishes, fans, faucets, furniture, etc. It is also unclear whether the seller of the property had actually asked the complainant for the benefit of the capital gain. Similarly, the 2008 act does not contain an inventory of furniture and furniture sold in 2008, which the plaintiff`s learned lawyer acknowledged at the time of the argument. These findings are primarily factual findings. Download this sample furniture purchase agreement that helps reduce attorney fees to make a successful sale or purchase. However, we advise you to consider legal support if you have doubts about how you can handle it properly. The Assessee (architect by profession) purchased a floor of property in 1997 under a contract of sale not registered for Article 18 Lakhs. The Assessee, however, paid Rs.
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