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ITAT Mumbai

23 posts
A Mumbai seller accepted ₹13 lakh in cash during a registered property sale—and still won her tax case. ITAT ruled the cash was fully explained. Here’s why documentation saved her.

Cash in Property Deals? This Seller Took It—And Still Won a ₹13 Lakh Tax Fight

A Mumbai seller accepted ₹13 lakh in cash during a registered property sale—and still won her tax case. ITAT ruled the cash was fully explained. Here’s why documentation saved her.
In a major redevelopment-taxation ruling, the ITAT Mumbai held that redevelopment benefits belong to flat owners, not the society. The Tribunal rejected the Income Tax Department’s ₹4.97 crore capital gains demand.

Income Tax Tribunal Rules: Redevelopment Gains Not Taxable for Housing Societies; Crucial Shield for Flat Owners

In a major redevelopment-taxation ruling, the ITAT Mumbai held that redevelopment benefits belong to flat owners, not the society. The Tribunal rejected the Income Tax Department’s ₹4.97 crore capital gains demand.
ITAT Mumbai has ruled that land cost must be included in real estate project cost under POCM, upholding a ₹47.26 crore tax addition against a developer. The decision impacts how builders calculate revenue in joint development projects.

ITAT Mumbai Upholds ₹47 Crore Tax Addition: Land Cost Must Be Counted in Real Estate Revenue Calculations

ITAT Mumbai has ruled that land cost must be included in real estate project cost under POCM, upholding a ₹47.26 crore tax addition against a developer. The decision impacts how builders calculate revenue in joint development projects.