Browsing Tag

ITAT Mumbai

23 posts
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.

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.
Tax notices went to her hacked email. She explained a Rs 1 crore property deal, officer accepted everything — yet a Rs 20,000 penalty followed. ITAT set it right.

Hacked Email, Rs 1 Crore Property Deal and a Penalty She Never Deserved

Tax notices went to her hacked email. She explained a Rs 1 crore property deal, officer accepted everything — yet a Rs 20,000 penalty followed. ITAT set it right.
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.
A 62-year-old Matunga tutor deposited Rs 17.5 lakh during demonetisation, faced a Rs 14 lakh tax addition — and proved every penny at the ITAT with one document.

62-Year-Old Tutor’s Rs 17.5 Lakh Demonetisation Deposit: How She Proved Every Penny Was Hers

A 62-year-old Matunga tutor deposited Rs 17.5 lakh during demonetisation, faced a Rs 14 lakh tax addition — and proved every penny at the ITAT with one document.
“Bought two flats for ₹2.25 crore in 2007. Received tax notice for ₹5.80 crore in 2020 just because stamp duty value jumped. How a single DVO report and the 10% tolerance rule saved both brothers from a massive tax bill — the full story.”

Bought Flats For ₹2.25 Crore, Received IT Dept Notice of ₹5.80 Crore

“Bought two flats for ₹2.25 crore in 2007. Received tax notice for ₹5.80 crore in 2020 just because stamp duty value jumped. How a single DVO report and the 10% tolerance rule saved both brothers from a massive tax bill — the full story.”