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PROPERTY OWNER RIGHTS
Homeowner sold redeveloped flat for Rs 1.95 crore, paid no income tax, received a tax notice; wins relief in ITAT MumbaiAfter redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai fo...- In 1998, MGM billionaire Kirk Kerkorian paid $4 million for a Beverly Hills property and built a 9,700-sq-ft mansion; 17 years later, the property sold for $19 millionIn 1998, Kirk Kerkorian purchased a villa in Beverly Hills for $4 million and later sold it for $19 million. After Kerkorian's death, Steph...
- 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...
- Alex Karp bought 37,000 acres of Swedish forest for $22 million and local hunters could no longer lease the land - why wealthy buyers are looking beyond traditional assetsAlex Karp has acquired 37,000 acres of forest in Härjedalen, Sweden, for $22 million. This purchase has led to local hunters losing their l...
- George Clooney sold Studio City estate for $14.5 million to Christian McCaffrey and Olivia Culpo last monthGeorge Clooney has sold the Studio City estate in Los Angeles to NFL player Christian McCaffrey and model Olivia Culpo for $14.5 million. T...
- Serena Williams’ family invested $250,000 in Angel City before its 2022 debut; a 2024 deal valued the soccer club at $250 millionSince its founding, Angel City Football Club has experienced remarkable growth, skyrocketing from an initial valuation of $250,000 to an as...
- USA Today vs OpenAI: Key questions over ChatGPT training data, news copyright and whether publishers should be paid for their workUSA Today Co has initiated a lawsuit against OpenAI over alleged unauthorized use of its copyrighted articles. The complaint claims OpenAI ...
- Succession battle breaks out at TVS as camps disagree over business division, family MoUDeep disagreements over inheritance have emerged between Venu and Mallika Srinivasan's children, leading to potential legal action. While V...
- Sisters demanded 1/3 share in parents’ lands, citing Hindu Succession Law, but brother won the case in Madras HC; know whyBrother cuts sisters from parents lands & wins case: Sisters wanted to apply Hindu law of succession and get 1/3rd share in parents’ lands,...
- Son fights for full share in father’s property after stepmother transfers it to daughter, who sells it; SC rejects his claimSon claims to fully inherit father’s property under Mitakshara Hindu law, however, stepmother gave it to step-sisters who sold it; Supreme ...
- ICICI Prudential AMC buys over 0.5 million sq ft office space in Bengaluru for Rs 626 croreIn a significant investment, ICICI Prudential Asset Management Company has finalized the purchase of a prime commercial property located on...
- US couple awarded thousands of dollars after logging crew cuts more than 1,000 trees from their Mississippi land; how photos, stump records and a survey helped them winA Mississippi couple won thousands of dollars judgment after a logging company working on neighbouring land crossed the property boundary a...
- An Oklahoma homeowner owned five acres bought from his grandfather in 1994, 32 years later, the county claimed a 40-foot strip beside his house belonged to it and put a $47,000 value on itAn Oklahoma homeowner who bought five acres from his grandfather in 1994 says he believed the entire property was his. Three decades later,...
- Tenant fails to get protection from eviction as he could not prove property owner's brother signed unregistered rent agreement with him; Madras HC order explainedTenant can't claim protection from eviction without first proving signing of an unregistered rent agreement with the property owner's broth...
- Grandmother gifted 2.5-acre land to son’s second wife, who sold it; granddaughter challenges sale claiming it to be ancestral land, but loses case in the High Court for this reasonGranddaughter lost 2.5 acre of land as her grandmother had gifted it to her step-mother who sold it; Madras HC rejects granddaughter’s ance...
- Palantir CEO Alex Karp quietly bought 37,000 acres in Sweden for $22 million; locals found out only after hunters got an unexpected emailIn a surprising move, Alex Karp, the CEO of Palantir Technologies, has acquired a substantial forested region in Härjedalen, Sweden, for 23...
- Mother wins property battle against son and daughter-in-law: Delhi HC orders them to vacate her houseThe Delhi High Court ordered a son and his wife to vacate his parents' house after ownership documents proved that his mother was the sole ...
- Ancestral vs self-acquired property: When oral relinquishment is valid under Hindu succession lawFor ancestral property oral relinquishment can suffice but not for self-acquired properties; Check what Hindu Succession law says. Ancestra...
- Will gives you property rights, but what next? Know these 7 steps to transfer ownership and secure possessionA Will plays a crucial role in outlining how assets will be allocated following an individual's death, which can lead to family disputes if...
- Can you earn rental income by letting out your flat on Airbnb for homestay? What homeowners need to know as similar case sparks protests in a Ghaziabad housing societyIf someone is found running a homestay or Airbnb-like service in your society, what can you do? Legally, the society’s first step should be...
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