Latest Judgements on Income Tax related matters in Redevelopment process

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By Sammer Sanghvi & Co Accommodation Times News Services   SUMMARISED JUDICIAL PRONOUCEMENTS ON INCOME TAX RELATING TO REDEVELOPMENT OF PROPERTIES Finally, the judicial pronoucements on income tax relating to the subject of redevelopment of properties are summarised hereunder : 1. The Mumbai Tribunal in the case of Raj Ratan Palace Co-op. Hsg. More...

by Staff Reporter | Published 2 weeks ago
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By Staff Reporter On Wednesday, January 7th, 2015
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Issuance of a notice under Indian Forest Act, 1927 is not sufficient for any land being declared a “private forest” : SC

By Accommodation Times News Services Supreme Court in Godrej & Boyce Mfg. Co. Ltd. & Anr case had taken negative view on question of Issuance of a notice under Indian Forest Act, 1927 is sufficient for More...

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By Staff Reporter On Friday, December 19th, 2014
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TDR not to attract Capital Gain Tax : Bombay High Court

By Accommodation Times News Service Bombay High Court in the matter INCOME TAX APPEAL NO. 1356 OF 2012 , Commissioner of Income Tax -18 v/s Sambhaji Nagar Co­op. Hsg. Society Ltd. have observed that TDR generated More...

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By Staff Reporter On Wednesday, December 17th, 2014
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Flat income tax of 8% chargeable for real estate business if no books kept : Delhi High Court

By Accommodation Times News Service HIGH COURT OF DELHI AT NEW DELHI Date of Decision: December 09, 2014  ITA 80/2014 COMMISSIONER OF INCOME TAX-XII versus SUBODH GUPTA JUDGMENT SANJIV KHANNA, J (ORAL) This appeal More...

By Staff Reporter On Saturday, August 3rd, 2013
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Acquisition of land for Re-development and Rehabilitation is prerogative of State govt: HC

By Accommodation Times News Service IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO. 2582 OF 2003 WITH CHAMBER SUMMONS NO. 267 OF 2008 Sara Harry D’Mello .. More...

By admin On Wednesday, May 8th, 2013
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Property Can be Sold on General Power of Attorney : Delhi HC

By Accommodation Times News Services IN THE HIGH COURT OF DELHI AT NEW DELHI W.P.(C) 4585/2012 and CM No. 9515/2012 PACE DEVELOPERS AND PROMOTERS PVT LTD versus GOVT. OF NCT THROUGH ITS SECRETARY CORAM: HON’BLE More...

By admin On Thursday, November 1st, 2012
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Tenancy cannot be created by Courts : Calcutta High Court

By Accommodation Times Bureau Hon’ble Calcutta High Court had decided that consent of the land lord is must before creating the tenancy. The company in liquidation admittedly does not own the property. We More...

By admin On Thursday, March 22nd, 2012
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80 IB allowable to entire project

Clause (d) inserted in section 801B[10) with effect from April 1, 2005, is prospective and not retrospective and hence could not be applied for the period prior to April 1, 2005. Since deduction under section 801B[1Oj More...

By admin On Tuesday, September 7th, 2010
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A recent landmark judgement by SC

By Adv. Vinod Sampat  CIVIL APPELLATE JURISDICTION   CIVIL APPEAL NO. 2544 OF 2010   Nahalchand Laloochand Pvt. Ltd. …………..    Appellant  Versus  Panchali Co-operative Housing Society More...

By admin On Saturday, September 4th, 2010
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Builders can not sell stilt parking areas – Supreme Court

In a recent case of an argument of a real estate development company that they are entitled to sell garages or stilt parking areas as separate flats to owners who intend to use it as parking facilities, a bench More...