unexplained investment Section 69 Archives

In a ruling that clarifies the scope of RERA protections, MahaRERA has held that an initial investment later converted into a registered flat purchase creates a valid allottee-promoter relationship, entitling the complainant to withdraw from a delayed project and claim full refund with interest, irrespective of COVID-related extensions.

Realty

NRI Buys Mumbai Home With Dubai Savings — Tribunal Says No Tax Can Be Levied

An NRI who bought a Mumbai home using his Dubai salary has won a major tax battle. ITAT Mumbai ruled that foreign earnings remitted legally cannot be taxed in India and deleted the entire ₹2 crore addition.

SquareFeatIndia
November 21, 2025
3 minute read

The ITAT ruled that the CPC applied the wrong deadline to deny Duru Mahal CHS its Rs 8.23 lakh Section 80P deduction — the society had filed its return a day before the correct due date.

Realty

Mumbai Co-op Housing Society Wins Rs 8.23 Lakh Tax Battle After Filing Return a Day Early

The ITAT ruled that the CPC applied the wrong deadline to deny Duru Mahal CHS its Rs…

SquareFeatIndia
June 23, 2026

In a landmark order, the Maharashtra State Co-operative Appellate Court has upheld the removal of 50 defunct members from Irla CHS records, ruling that membership automatically ceases upon transfer of interest during redevelopment.

Realty

Irla CHS: Maharashtra Appellate Court Upholds Removal of 50 Defunct Members

In a landmark order, the Maharashtra State Co-operative Appellate Court has upheld the…

SquareFeatIndia
June 22, 2026

Big corporates are entering Mumbai real estate, improving trust and delivery—but their holding power may keep prices high. Good or bad for buyers?

Realty

Big Corporates in Mumbai Real Estate: Boon or Barrier?

Big corporates are entering Mumbai real estate, improving trust and delivery—but their…

SquareFeatIndia
June 22, 2026

Nifty Realty opens at 815.65 on June 22 as Iran-US peace progress cools crude oil. Sobha and Mahindra Lifespace lead gains; Brigade Enterprises drops 2%.

Realty

Realty Stocks Open in the Green as Nifty Realty Inches Up; Iran Talks, Crude Ease in Focus

Nifty Realty opens at 815.65 on June 22 as Iran-US peace progress cools crude oil.…

SquareFeatIndia
June 22, 2026