Browsing Tag

property tax dispute

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IHCL discloses fresh BMC penalty of Rs 5.51 crore on Taj Lands End, taking total property tax dispute to Rs 103 crore.

BMC Slaps Rs 103 Crore Penalty on Taj Lands End Over Property Tax Dispute

IHCL discloses fresh BMC penalty of Rs 5.51 crore on Taj Lands End, taking total property tax dispute to Rs 103 crore.
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.

ITAT Mumbai Remands Stamp Duty Addition for Fresh Hearing on Natural Justice Grounds

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.
“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.”
“Being the owner gives you preferential rights, but not unlimited time.” In a firm order, SRA removes a private landowner as developer after three years of zero progress on a Lower Parel slum scheme, prioritising slum dwellers’ right to timely rehabilitation.

Bombay High Court Slams BMC for ‘Bureaucratic Lethargy’: Dismisses Appeal After 1,526-Day Delay in Property Tax Case

The Bombay High Court has sharply criticised the BMC for a 1,526-day delay in a property tax appeal, calling its excuses unacceptable and dismissing the case, warning that such lethargy could cost the city vital revenue.