Browsing Tag

ITAT Mumbai

42 posts
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.
ITAT Mumbai has given major relief to homebuyers by holding that stamp duty value on the date of allotment, and not registration, must be considered under Section 56(2)(x) when part payment is made through banking channels at the time of booking.

Stamp Duty Value on Date of Allotment to be Considered, Not Registration Date – Big Relief for Homebuyers

ITAT Mumbai has given major relief to homebuyers by holding that stamp duty value on the date of allotment, and not registration, must be considered under Section 56(2)(x) when part payment is made through banking channels at the time of booking.