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Section 147

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ITAT rules that mere mention of buyer’s name in builder’s seized Excel sheet is not enough to prove on-money payment and sustain addition. Addition of ₹25 lakh deleted.

Buyer’s Name in Builder’s Sheet Not Enough to Prove Cash Payment

ITAT rules that mere mention of buyer’s name in builder’s seized Excel sheet is not enough to prove on-money payment and sustain addition. Addition of ₹25 lakh deleted.
A loving addition of a wife's name to a property deed led to a shocking ₹70 lakh capital gains tax notice nearly 10 years later—despite the husband declaring the full sale. ITAT Mumbai remands the matter for verification, offering hope to avoid double taxation in this relatable family tax cautionary tale.

Added Wife’s Name in Property Out of Love? Got ₹70 Lakh Tax Notice

A loving addition of a wife’s name to a property deed led to a shocking ₹70 lakh capital gains tax notice nearly 10 years later—despite the husband declaring the full sale. ITAT Mumbai remands the matter for verification, offering hope to avoid double taxation in this relatable family tax cautionary tale.