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SURRENDER OF TENANCY RIGHTS
Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society's redevelopment, he received income tax notice; Know how he won the case in ITAT MumbaiTenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives relief; know why. This...- Divorce dispute turns into legal battle: The financial costs a husband may faceThe aftermath of matrimonial disputes often lingers long after a marriage has ended, imposing hefty financial and legal challenges on men. ...
- ITAT Mumbai cancels income tax notice over Rs 8 crore compensation to tenants without their consent; rejects I-T department's contingent liability claimBuilder's hired firm wanted to pay 56 tenants additional Rs 8 crore to vacate land; Tax Dept sent notice citing this payment as contingent ...
- Registration of redevelopment agreement alone doesn’t trigger tax, rules ITATMumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse pr...
- Bengaluru landowner sells 17 apartments, earns Rs 11.8 crore LTCG, pays no tax; I-T dept sends notices; he contests and wins in ITAT BangaloreLandowner sells 17 apartments, earns Rs 11.8 crore gains, paid no tax, reinvests gains into 5 properties; tax dept sent notice; he wins cas...
- Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
- Man surrendered tenancy rights for Rs 11 crore flat in redevelopment project; Income Tax dept issued notice but ITAT Mumbai ruled in his favour. Here's whyA Mumbai tenant received a Rs 11 crore apartment for giving up tenancy rights during redevelopment. The Income Tax department questioned th...
- Stayed beyond lease? HC says higher rent applies even without registered agreement; orders tenant to pay Rs 3.9 lakh plus interest in unpaid duesTenants must pay Rs 3.9 lakh plus interest for unpaid rent. The Delhi High Court upheld a rent escalation clause in an unregistered lease. ...
- Tenant paid Rs 6.5 lakh to buy landlady’s property; SC admits sale agreement as evidence and says possession doesn’t finalise sale without a sale deedThe Supreme Court ruled that a tenant's long-term possession of a property does not automatically finalize a sale agreement, even with part...
- From Jharkhand's youngest CM to a seasoned politician: A timeline of Hemant Soren's political journeyChief Minister Hemant Soren who may well lose his seat in Jharkhand's Assembly has had a chequered career. Here's a timeline of Jharkhand's...
- Our govts at Centre & state together have wiped off corrupt image of Jharkhand created by Congress, JMM: Raghubar Das, Jharkhand CM"Our state govt from 2014 has provided, for the first time in Jharkhand, political stability and administrative vision for people," CM Das ...
- Now, transfer of commercial tenancy rights put under GSTThe landlord may be owner of the property but the possession of the same lies with the tenant. The tenant pays periodic rent to the landlor...
- GTL may recover Rs 2,000 crore as rent cancellation charges from 3 telcos“Market rumours and discussions at the operational level indicate that further downsizing is on the cards” for Aircel, which could lead to ...
- JK House sale: Litmus test for new Companies ActGautam Singhania has requested minority shareholders to vote against the resolution “in the interest of the shareholders and company .
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