Browsing Tag

housing society governance

2 posts
In a key ruling, ITAT Mumbai allowed Valencia Co-Operative Housing Society in Powai to claim tax deduction on interest earned from co-operative bank deposits, clarifying when housing societies can legally avoid tax on such income.

Big Changes Ahead for Housing Societies? Maharashtra Sets Up High-Level Panel to Rewrite Cooperative Law

Maharashtra has set up a high-level expert committee to overhaul the Cooperative Societies Act and related rules—a move that could significantly impact housing society governance, elections and member rights across the state.
Bombay HC quashes ₹3 Cr+ stamp duty demand against Romell Real Estate in Malad slum redevelopment case. Court rules Permanent Transit Camp (PTC) cannot be added to consideration per Guideline 26 & holds CCRA order time-barred beyond 6-year limit under Section 53A.

One Common Member, One Request — and an Entire Society Committee Is Removed for 5 Years

In a landmark ruling, the Bombay High Court has shown that even a single society member can bring down an entire managing committee. A simple request for meeting minutes led to a five-year ban on committee members, reinforcing that transparency in housing societies is not optional.