Browsing Tag
real estate developer
5 posts
ITAT Mumbai Clears Real Estate Developer of Fraud Allegations, Allows ₹1.79 Crore Tax Deduction
The Mumbai ITAT has ruled that a real estate developer cannot be denied a tax deduction merely due to alleged fraud by a recipient trust’s employee, allowing Aakash Value Realty’s ₹1.79 crore claim under Section 35(1)(ii).
🏠 Grand Housing Files DRHP for ₹5 Face Value IPO; Entire Offer is OFS by Promoter
Grand Housing, a Chennai-based plotted development real estate firm, has filed its DRHP with SEBI for an IPO via an offer for sale of 3.55 crore shares by promoter Vijay Surana. The company focuses on residential and industrial land development and reported a sharp rise in revenue and profit in FY25.