Browsing Tag

ITAT Mumbai

38 posts
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.
Builder’s partners admitted receiving cash on-money. Homebuyer denied it and sought cross-examination. ITAT deletes entire ₹25 lakh addition.

ITAT Mumbai: Brokerage Paid After Property Sale is Fully Allowable for Capital Gains Deduction

Mumbai ITAT rules that brokerage paid after completion of property sale cannot be denied while computing capital gains. Full relief granted to assessee.
Builder’s partners admitted receiving cash on-money. Homebuyer denied it and sought cross-examination. ITAT deletes entire ₹25 lakh addition.

Builder Admitted Taking Cash, Homebuyer Denied It & Won: ITAT Deletes ₹25 Lakh Addition

Builder’s partners admitted receiving cash on-money. Homebuyer denied it and sought cross-examination. ITAT deletes entire ₹25 lakh addition.
Mumbai ITAT has remanded a case holding that a vacant flat not let out can still attract income tax under Section 23 of the IT Act.

Vacant Flat Can Still Attract Income Tax Notice: Mumbai ITAT Remands Case on Notional Rent

Mumbai ITAT has remanded a case holding that a vacant flat not let out can still attract income tax under Section 23 of the IT Act.
Mumbai woman's LTCG claim survives — ITAT rules builder's delayed ledger entry can't override actual 2007 allotment date. ₹17L addition deleted.

Mumbai Woman Bought Flat in 2007, Builder Wrote It in 2011 — Tax Dept Pounced

Mumbai woman’s LTCG claim survives — ITAT rules builder’s delayed ledger entry can’t override actual 2007 allotment date. ₹17L addition deleted.