Browsing Tag

ITAT order

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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.
ITAT Mumbai has remanded a ₹14.44 lakh stamp duty addition for fresh adjudication after ruling that the assessee was denied proper opportunity and hearing in a hastily completed reassessment.

Tenant’s New Flat in Redevelopment Taxed?

Tenant’s new flat in redevelopment taxed? Landmark ITAT order that every Mumbai tenant whose building is going for redevelopment must read carefully.