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Union of India Fails to Prove Ownership of Bhayander Salt Lands, Loses Appeal
“In a significant setback for the Union of India, the Bombay High Court has ruled that the Centre failed to prove ownership over 220 acres of salt-pan lands in Bhayander. The 1870 grant was an alienation of proprietary rights, not a lease, and salt manufacturing does not transfer title to the Central Government.”
Realty Stocks Open Cautious as Markets Attempt Recovery; Sector Shows Mixed Early Trends
Real estate stocks opened on a cautious note as Indian markets attempted a recovery. While select developers showed resilience, broader weakness in the Nifty Realty index signals a volatile and stock-specific trading session ahead.
Allotment Letter Date or Registration Date: ITAT Mumbai Clarifies Key Rule for Capital Gains Tax on Flats
Should capital gains on a flat be calculated from the allotment letter date or registration date? ITAT Mumbai says allotment letter date prevails, giving major relief to homebuyers in a key order.