Special General Body Meeting not needed to pass Redevelopment Process of the society

By Accommodation Times Bureau As submitted by Advocate K K Ramani. IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 10285 OF 2009 Harsha Co­op. Housing Society Ltd. & Ors. .. Petitioners Vs. Kishandas S. Rajpal & Ors. .. Respondents Mr. A. S. S. Murthy i/b Mr. A. P. Steenson i/b A. P. Steenson & More...

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By admin On Tuesday, June 19th, 2012
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Non-occupancy charges received by Housing society not taxable

Assessee has challenged the addition of Rs.30,914/- made by the Assessing Officer on account of non-occupancy charges as income from the business not covered under the principles of “mutuality”. Learned AR submitted More...

By Staff Reporter On Wednesday, February 29th, 2012
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Builders have no right to sell parking space, CDRC

By Accommodation Times Bureau Mumbai: Recently the State Consumer Disputes Redressal Commission mentioned that stilt parking or open parking both of which are part of common facilities and builders have no rights More...

By admin On Thursday, February 2nd, 2012
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No Capital Gain Tax On Society Redevelopment

By Accommodation Times Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s. 2(24) is very wide, a capital receipt is not chargeable to tax as income unless More...

By Staff Reporter On Wednesday, November 16th, 2011
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Handing Over the Charge to New Committee

As per Sec. 2(7) of the Maharashtra Co-Operative Societies Act, Committee means the Committee of management or board of directors or other directing body, by whatever name called, in which the management of the More...