Browsing Tag

income tax appeal

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Many fear getting a tax notice if they invest capital gains in under-construction flats without a registered agreement. But a recent ITAT ruling proves that such buyers can still successfully claim Section 54 exemption.

Sold Old Flat, Invested in Under-Construction Property But No Agreement – Will You Get a Tax Notice?

Many fear getting a tax notice if they invest capital gains in under-construction flats without a registered agreement. But a recent ITAT ruling proves that such buyers can still successfully claim Section 54 exemption.
A cancelled property deal, Rs 40 lakh in cash deposits, and a developer who went silent — how an Ambernath woman finally won her tax battle at ITAT Mumbai.

Property Deal Gone Wrong: Rs 40 Lakh Cash Deposit Lands Ambernath Woman in Tax Trouble

A cancelled property deal, Rs 40 lakh in cash deposits, and a developer who went silent — how an Ambernath woman finally won her tax battle at ITAT Mumbai.
Lost his only son to honour killers, then hit with a tax bill bigger than the flat sale itself—yet one emotional hearing changed everything. The moving story of Shahaji Sonawane’s fight for justice at the ITAT

Lost Son to Honour Killers, Hit with Tax on Flat Sale: Wins at Tribunal

Lost his only son to honour killers, then hit with a tax bill bigger than the flat sale itself—yet one emotional hearing changed everything. The moving story of Shahaji Sonawane’s fight for justice at the ITAT
India’s property buyers are making decisions faster, with average deal closure time falling to 26 days in 2025 and premium ₹2–3 crore homes selling in just 15 days, according to ANAROCK data.

You Can Claim Tax Exemption on House Sale Even If You Missed Filing Original ITR – Technical Delay Won’t Cost You Lakhs!

In a taxpayer-friendly order, ITAT Mumbai has held that deduction under Section 54 cannot be denied merely because no original return u/s 139(1) was filed, as long as the claim relates directly to the escaped LTCG from house sale and reinvestment conditions are met – a boon for common homebuyers facing genuine filing delays.