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ANCESTRAL LAND SOLD
HUF land dispute reaches Supreme Court: One brother gets 5/16th share, other retains self-acquired propertiesThe Supreme Court has settled a family land dispute between two brothers, awarding one a 5/16th share in ancestral HUF properties. The cour...
Wife, son can’t object to sale of 1.7 hectare land inherited by husband as it is not a joint family property, rules Bombay High CourtThe Bombay High Court ruled that land inherited by a son from his father after 1956 is his self-acquired property, not ancestral. This gran...
Sold land for Rs 5 crore, bought new land in wife’s name, paid no capital gains tax, got tax notice; Why ITAT Delhi denied tax exemptionA man who sold agricultural land for Rs 5 crore and reinvested the gains into a new plot in his wife's name was denied capital gains tax ex...
Ancestral land claim fails: Mutation records not proof of ownership, HC rejects brothers’ claim over land held by religious trustThe Andhra Pradesh High Court dismissed an appeal by two brothers claiming ancestral land ownership. The court ruled that revenue records l...
Half of the disputed ancestral land sold by relatives during pendency of court case; HC says buyer’s ownership will depend on final verdictA buyer's ownership of disputed ancestral land is now uncertain. Relatives sold part of the land while a title dispute case was ongoing. Th...
Ancestral land sale: Tax department issues notice over Rs 8 crore share, taxpayer wins case in ITAT Delhi; here's what happenedA man received Rs 8 crore from the sale of ancestral land, but the tax department issued a notice for tax evasion. The Income Tax Appellate...
Is mutation of property sufficient to ensure smooth transfer to my son after my death?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. Is mut...
Uncle sold their grandfather’s 2 acre land without giving them a share, sister’s children files case, loses in Kerala High Court because of Hindu Law of SuccessionA sister's children claimed rights to their grandfather's land sold by their uncle. The Kerala High Court ruled against them. The court fou...
Father sold family land for daughter’s marriage; first son alleged father was alcoholic and filed a case but lost in Supreme Court due to this reasonThe Supreme Court addressed the sale of HUF land by its Karta, Sharanappa, challenged by his first son. The court overturned the High Court...
Granddaughter can’t claim a share in maternal grandfather’s property in this condition, rules Bombay High CourtIn a significant ruling, the Bombay High Court has denied a granddaughter's claim to her maternal grandfather's ancestral property, clarify...
Not Satyajit Ray's ancestral home: Bangladesh denies any connection between filmmaker and Mymensingh propertyThe Bangladesh government has refuted claims that a historic property linked to Satyajit Ray in Mymensingh is being demolished. Investigati...
Father wins near Bengaluru ancestral property dispute against children after 31-year legal fight; landmark judgement to have wider impactThe Supreme Court of India decreed that post-partition, individual shares of joint Hindu family property become self-acquired assets. This ...
I want to buy a house in Canada by selling all my stocks in India. What will be my tax liability?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Karnataka leader K J George's son Rana George buys flat for Rs 35 cr in Bengaluru's Kingfisher TowerThe deal was registered on April 19 and a stamp duty of around Rs 2 crore was paid as per the registry document shared by ZapKey. The luxur...
NRI from Germany gives up land, first stretch for bullet train in GujaratSavita Ben had around 71 acres of land in the Chansad area and gave 11.94 hectare to the National High Speed Rail Corporation Limited.
HC quashes FIR against M K Alagiri's wife Gandhi AlagiriThe Madras High Court has quashed an FIR registered against former Union Minister M K Alagiri's wife Gandhi Alagiri and some others in a la...
Vijay Mallya raises Rs 525 crore against Bangalore Kingfisher TowersKingfisher Towers-Residences at UB City is a 55:45 joint venture between Mallya and Bangalore-based realty major Prestige Group.