Browsing Tag

ITAT Mumbai

29 posts
In a landmark order, the Maharashtra State Co-operative Appellate Court has upheld the removal of 50 defunct members from Irla CHS records, ruling that membership automatically ceases upon transfer of interest during redevelopment.

Society Told to Pay ₹11.38 Crore as Income from Redevelopment

In a major relief to housing societies, ITAT Mumbai has ruled that a Goregaon co-op society need not pay ₹11.38 crore tax on a 2015 redevelopment agreement that never materialised. The Tribunal held that notional stamp duty value does not constitute real income for the society.
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.