Taxation on Sale/ Surrender of Tenancy Rights in Residential Buildings in Maharashtra
By Vimal Punmiya Q.1. Is pagdi official now? Ans: Yes. The Maharashtra Rent Control Act,1999 has legalised the receiving of…
Non-occupancy charges received by Housing society not taxable
By Legal Bureau Assessee has challenged the addition of Rs.30,914/- made by the Assessing Officer on account of non-occupancy charges…
No Capital Gain Tax On Society Redevelopment
By Legal Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s.…
Society Redevelopment is Not Transfer in society’s hands
By Legal Bureau Raj Ratan Palace Co-op Hsg Soc vs. DCIT (ITAT Mumbai)- The assessee-society had merely given permission to…