extra carpet area income tax Archives

In a pro-justice move, MahaREAT condoned delay in a homebuyer's appeal, recognizing MahaRERA's error in awarding possession instead of the requested refund, and will now hear the matter on merits to prevent injustice on technical grounds.

Realty

Got Extra Carpet Area in Redevelopment? No Income Tax — If Conditions Are Met

In a key ruling involving CA Divyesh Ramniklal Muni, ITAT Mumbai held that extra carpet area received in redevelopment is not taxable if purchased at a documented cost and Section 54 conditions are fulfilled.

SquareFeatIndia
January 15, 2026
3 minute read

The Maharashtra government has approved a one-year renewal of rented office space for the Divyang Welfare Department at Mittal Tower, Nariman Point, increasing the monthly rent to ₹7.03 lakh with a 5% escalation.

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Maharashtra Govt Approves ₹7.03 Lakh Monthly Rent for Disability Welfare Department Office at Nariman Point

The Maharashtra government has approved a one-year renewal of rented office space for…

SquareFeatIndia
March 6, 2026

MHADA has signed tripartite and construction agreements for the redevelopment of the historic GTB Nagar colony in Sion Koliwada, Mumbai. The 11.2-acre project will build three high-rise towers to rehabilitate around 1,200 residents.

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MHADA’s First Private Land Redevelopment: GTB Nagar Project in Sion Koliwada Moves to Implementation Stage

MHADA has signed tripartite and construction agreements for the redevelopment of the…

SquareFeatIndia
March 5, 2026

In a landmark order, the Supreme Court directed a CBI inquiry into DLF's premium Gurugram project 'The Primus,' citing a glaring mismatch between promised luxury amenities and on-ground realities, while slamming authorities for failing to protect homebuyers who invested life savings.

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Here’s Why the Supreme Court Initiated a CBI Probe into DLF’s The Primus Project

In a landmark order, the Supreme Court directed a CBI inquiry into DLF's premium…

SquareFeatIndia
March 5, 2026

Thane is set to become a sanctuary for injured and displaced wildlife with the launch of a ₹60-crore high-tech Transit Treatment Center. From specialized raptor cages to advanced feline medical units, the Gotheghar facility marks a new era in Maharashtra's animal conservation efforts.

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From Leopards to Exotic Birds: Thane’s New High-Tech Wildlife Transit Center

Thane is set to become a sanctuary for injured and displaced wildlife with the launch…

SquareFeatIndia
March 5, 2026