Browsing Tag

ITAT Mumbai

42 posts
Builder Paid ₹13.5 lakh in Redevelopment; Taxman Taxed Member

Builder paid ₹13.5 lakh in redevelopment; taxman taxed member on unspent part

A member of a Bandra East MIG housing society received ₹13.50 lakh…
Delay in filing TDS after property purchase proves costly to a homebuyer

Delay in filing TDS after property purchase proves costly to a homebuyer

A Mumbai individual who bought property in Gujarat has lost his appeal…
Sold a house and bought another? ITAT Mumbai says brokerage paid to a broker’s HUF may not reduce your section 54 capital gains tax.

Bought a House After Selling One? This Brokerage Mistake Won’t Save on Capital Gains Tax

If you sell a house in Mumbai and buy another to save…
Homebuyer Admits Paying ₹30 Lakh in Cash, Yet Wins Tax Case

Homebuyer Admits Paying ₹30 Lakh in Cash, Yet Wins Tax Case

ITAT rules cash paid to a builder isn’t unexplained income if the buyer proves a genuine, sufficient source of funds.
ITAT Mumbai quashes ₹20 lakh cash addition against Indiabulls Sky buyer, holding that an untested builder statement without cross-exam cannot sustain the charge.

No Cross-Examination of Builder? ITAT Deletes ₹20 Lakh Cash Allegation Against Flat Buyer

ITAT Mumbai quashes ₹20 lakh cash addition against Indiabulls Sky buyer, holding that an untested builder statement without cross-exam cannot sustain the charge.