Mumbai ITAT No Tax on New Property Merely Due to Redevelopment Agreement
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has delivered an important ruling in favour of property owners…
ITAT Ruling: Legal vs Beneficial Ownership in Property Sales | Capital Gains Tax Relief
In a ITAT Ruling, the Income Tax Appellate Tribunal, Mumbai bench has clarified the distinction between a legal owner (whose…
ITAT Kolkata Rules Interior Decoration Costs in Rented Office Allowable as Revenue Expenditure
By Staff Reporter The Income Tax Appellate Tribunal (ITAT) Kolkata has delivered a crucial verdict regarding the treatment of expenses…
Rent in a Redevelopment Project is not taxable: ITAT Mumbai
By Staff Reporter IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “SMC”, MUMBAI BEFORE SHRI KULDIP SINGH, HON’BLE JUDICIAL MEMBER…
ITAT: Cash payment for improving the flat is allowed
By Fiona Mehta The Income Tax Appellate Tribunal (ITAT)’s Mumbai bench, in a tax litigation over capital gains arising on…
80IB is applicable on entire project: ITAT Mumbai
By SRELJ Bureau Clause (d) inserted in section 801B