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Mumbai real estate legal news

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In a landmark decision, the Bombay High Court has affirmed that once you buy land, get it registered, and take possession after due permissions, no authority can revoke the deal years later over unrelated old agreements – a huge boost for property buyers in Maharashtra.

HC Sets Aside ₹49.45 Lakh Recovery in Amit Darshan CHS Case, Orders Fresh Inquiry

The Bombay High Court has set aside a ₹49.45 lakh recovery order against members of Amit Darshan CHS after ruling that the inquiry report was invalid because it was submitted by an officer who had already been replaced. The court has ordered a fresh Section 88 inquiry.
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.