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REDEVELOPMENT COMPENSATION CLAIMS
Builder promised 1,395 sq ft flat, parking, compensation in return for property, then issued notice demanding Rs 30 lakh; landowners win over Rs 1.22 crore reliefWhile the landowners were given physical possession of the flat in May 2018, the developer failed to pay their share of the stamp duty and ...- MBA graduate pays Rs 84,960 for '100% placement guarantee' course but gets no job: Court orders over Rs 1 lakh payoutAn MBA graduate who paid Rs 84,960 for an online AI product management course after being promised “100 percent guaranteed placement” has s...
- Dissenting housing society members challenge redevelopment plan citing 10% less area, but lose the case in Maharashtra co-operate appellate court for this reasonTwo members challenged redevelopment plan citing 10% less area with potential Rs 25 to 30 lakh loss; loses case in Maharashtra Co-operative...
- 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 ...
- For 13 years a builder failed to redevelop a 70-year-old housing society so a new builder was appointed, the old builder objected, but HC favored residentsThe Bombay High Court has backed housing society members in a redevelopment dispute. A builder delayed a project for 13 years, prompting th...
- Tenancy ended due to demolition of building? Law allows tenants to claim compensation or alternative accommodationTenants ordered to vacate a dilapidated building in Varanasi can seek compensation or rehousing after demolition. The Allahabad High Court ...
- Got more carpet area after property redevelopment? No income tax on extra carpet area if it meets a key conditionHomeowners can avoid income tax on additional carpet area received through property redevelopment. This is possible under Section 54 of the...
- Homeowners, not housing society, must pay capital gains tax on sale of development rights to builders, rules ITAT MumbaiThe Income Tax Appellate Tribunal Mumbai has ruled that individual homeowners are liable for capital gains tax when their housing society s...
- ₹2.6 crore flat and zero tax: How a Mumbai man won twice in courtIn a significant ruling, the Income Tax Appellate Tribunal (ITAT) has declared that a Mumbai resident will not be taxed on a ₹2.6 crore fla...
- How Dharavi redevelopment plan will change the face of MumbaiAdnan Syed, 24, celebrates his team's victory at the T10 Dharavi Premier League cricket tournament, winning `1 lakh. The tournament, suppor...
- BJP govt 'benefitting' Adani with another 'revdi': Congress on Dharavi redevelopment projectThe Congress has been targeting the Adani group, accusing it of benefitting from the BJP government and has been demanding a JPC probe into...
- Cheating complaints against builders not civil in nature: High CourtJustice Shahrukh Kathawalla in an order passed last week said police should not shirk away from their responsibility by terming such compla...
- 22 dead as over century-old building collapses in MumbaiThe incident occurred two days after the city received torrential rains, which is suspected to have damaged the building.
- UAE firms seek Rs 5 lakh crore in damages from government, Shapoorji Pallonji group over Mumbai plotsLast month, a notice of arbitration was served on the Indian government on behalf of Strategic Infrasol Foodstuff and Thakur Family Trust U...
- Indian traders protest government's $290 million redevelopment projectIndian traders protest against the government's 290-million dollar redevelopment project.
- Query Corner: TaxOur expert Vaibhav Sankla, Executive Director, Adroit guides you in matters relating to taxation.
- Raymond, union agree to Rs 309-cr compensationRaymond’s plan to develop a realty project on its Thane unit received a shot in the arm on Friday as the co reached an out-of-court settlem...
- Raymond close to reaching deal with labour union on Thane realty projectA Raymond official confirmed that the company has increased its compensation offer to the labour union but declined to share the exact amou...
- Query CornerOur expert helps you Understand the Complexities of Tax In This Weekly Column. Email to etquerytax@ indiatimes.com
- Query corner: TaxOur expert helps you understand the complexities of tax in this weekly column. Email to etquerytax@indiatimes.com
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