Browsing Tag

ITAT Mumbai

35 posts
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.”
Lost his only son to honour killers, then hit with a tax bill bigger than the flat sale itself—yet one emotional hearing changed everything. The moving story of Shahaji Sonawane’s fight for justice at the ITAT

Lost Son to Honour Killers, Hit with Tax on Flat Sale: Wins at Tribunal

Lost his only son to honour killers, then hit with a tax bill bigger than the flat sale itself—yet one emotional hearing changed everything. The moving story of Shahaji Sonawane’s fight for justice at the ITAT
ITAT Mumbai has ruled that property sellers can use the MOU date instead of registration date for capital gains tax and still claim Section 54 exemption—offering major relief in delayed property deals.

Big Relief for Home Sellers: ITAT Mumbai Says ‘MOU Date’ Counts for Tax, Not Registration Date

ITAT Mumbai has ruled that property sellers can use the MOU date instead of registration date for capital gains tax and still claim Section 54 exemption—offering major relief in delayed property deals.
A loving addition of a wife's name to a property deed led to a shocking ₹70 lakh capital gains tax notice nearly 10 years later—despite the husband declaring the full sale. ITAT Mumbai remands the matter for verification, offering hope to avoid double taxation in this relatable family tax cautionary tale.

Added Wife’s Name in Property Out of Love? Got ₹70 Lakh Tax Notice

A loving addition of a wife’s name to a property deed led to a shocking ₹70 lakh capital gains tax notice nearly 10 years later—despite the husband declaring the full sale. ITAT Mumbai remands the matter for verification, offering hope to avoid double taxation in this relatable family tax cautionary tale.