Supreme Court Upholds Developer Rights for FSI/TDR under DCR 1991
On September 13, 2024, the Supreme Court of India delivered a landmark judgment in the civil appeal filed by Kukreja…
Bombay High Court Dismisses Petition on Incentive TDR Under 2016 Notification
The Bombay High Court, in a judgment dated August 16, 2024, dismissed the petition filed by Bholenath Developers Ltd. &…
Maharashtra Cabinet Approves New Policy for Flats for Project-Affected Persons
The Maharashtra Cabinet has recently approved a significant new policy aimed at providing flats to individuals affected by various developmental…
Applicability of Chapter XXC of Income Tax to Housing Society, Additional FSI & TDR
By Vimal C. Punmiya, Chartered Accountant 1. Before delving into the applicability of provisions of Chapter XXC and Taxability of…
Development Rights taxable In Case Of Housing Societies
By Maharashtra Bureau Commissioner of Income Tax-18 Vs. Sambhaji Nagar Co-op. Hsg. Society Ltd., Income Tax Appeal No. 1356 of…
Consideration for permission to use TDR / FSI not chargeable to tax: ITAT Mumbai
By Legal Bureau The assessee co-op housing society gave permission to a developer to construct 2 floors and 8 flats…
Additional FSI & TDR for societies
Vimal C. Punamiya, Chartered Accountant 1. Before understanding additional FSI and TDR it is a must to understand the concept…