Browsing Tag

real estate tax dispute

2 posts
MahaRERA has cracked down on Bhagwati Developers, giving Kharghar homebuyers a major relief: complete all promised amenities including swimming pool, gym and play areas in 6 months, and hand over permanent parking spaces within just 1 month at Bhagwati Greens 2

Builder Raided: IT Dept Accuses Buyer of ₹22 Lakh Black Money – ITAT Throws Out Case!

IT Dept raided builder, claimed buyer paid ₹22 lakh hidden cash — but ITAT Mumbai exposes weak case: no direct proof, no fair cross-exam. Full addition scrapped in dramatic win for taxpayer!
ITAT Mumbai has ruled that property sellers can use the MOU date instead of registration date for capital gains tax and still claim Section 54 exemption—offering major relief in delayed property deals.

How Mumbai Builders Report Profits: The Percentage Completion Method Explained – With a Real Case Study

Mumbai builders rely on the Percentage Completion Method to recognise revenue yearly as projects progress. In a recent ITAT ruling, Supreme Mega Construction LLP won a ₹6.33 crore tax battle, with the Tribunal confirming correct application of ICAI guidelines…