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DVO REPORT
Farmer bought land at less than stamp duty value, got income tax notice; How DVO report helped him win Rs 18.24 lakh tax dispute in ITAT SuratMr. Desai, encountered difficulties with the Income Tax Department after purchasing land for a price less than the stamp duty value. The In...- Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT DelhiProperty owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no...
- Rs 34.8 lakh difference in price and stamp duty added to husband's income for taxation despite jointly owned property - ITAT Mumbai calls it 'not justified'A husband and a wife bought a flat jointly for Rs 60 lakh, however, the stamp duty value stood at Rs 94.8 lakh, leading to a difference of ...
- Rs 80 lakh tax demand quashed: ITAT Mumbai says stamp duty value not applicable to life interest in family trustITAT Mumbai ruled that stamp duty rules under Section 50C do not apply to the transfer of a life interest in family trust property. The tri...
- Full tax exemption for mother-in-law and son-in-law in ITAT Mumbai on sale of Rs 4 crore property due to this reasonThe ITAT Mumbai granted full capital gains tax exemption to a mother-in-law and son-in-law on their Rs 4 crore Mumbai property sale. The tr...
- Kiku Sharda released on bail bond of Rs 1 lakh in Gurmeet Ram Rahim Singh caseHours after Kiku Sharda's remand, CJM Kaushik granted him bail in the evening on furnishing a bail bond of Rs one lakh.
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