Browsing Tag

Co-operative Housing Society

3 posts
ITAT Mumbai dismisses Dadar housing society’s appeals for 2011–16 after 7-year delay, despite society being legally correct on ₹4–5 lakh 80P deduction claim.

Income Tax Tribunal slams door on Dadar housing society: 7-year delay costs ₹4–5 lakh tax relief despite being legally correct

A 15-member Dadar senior-citizens housing society lost its fully valid ₹4–5 lakh tax exemption claim only because it filed appeals 7–8 years late. ITAT Mumbai refused to condone the “gross negligence”, slamming the door despite the department being clearly wrong on law. A harsh reminder: even if you’re 100% right, miss the limitation period by years and you lose everything.

Court Refuses to Stall Khernagar Redevelopment

The Bombay High Court has allowed Khernagar Adarsh CHS’s redevelopment to move ahead under Kumar Vibes, rejecting Huges Real Estate’s bid to block the project. The Court held that no concluded contract existed under revised terms and that residents’ right to safe housing outweighed the developer’s profit claims.
June sees Rs 1k crore stamp duty collection

Government Extends Maharashtra Stamp Duty Amnesty Scheme to August 31,2024

The Government of Maharashtra has announced an extension of the Maharashtra Stamp…