We have purchased Land for UltraTech Cement Ltd., in Rajasthan but due to Land Ceiling Act we have to purchase Lands belonging to SC/ST Land owners in the Name of our SC/ST Representatives . Now Lands of our SC/ST Representatives has been transferred in the Name of UltraTech Cement Ltd. th. a Consent Deed and Recd. Amount from UTCL against Tr. of Land . Now My Question is How the Treatment of This Land Tr. will be shown in Books while these Lands only Tr. th. Consent Deed to UTCL?
CAclubindia
