Real Estate players move Bombay High Court against new notification

By Accommodation Times Bureau MUMBAI The recent notification on GST has made the Real Estate Developers to move towards court against it. With the Bombay High Court (BHC) the developer have filed a writ petition for challenging the notification by the government on transferring rights of landowners to developers is taxable. According to

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 under DCR by the society is not to be taxed under Capital Gain Tax. "...Thus, the conclusion of the Hon'ble Supreme Court is that an asset which is capable of acquisition at a cost would be included within the provisions pertaining to the head “Capital gains” as opposed to assets in the acquisition of which no cost at all can be conceived.  In the   present  

All Owners-Occupiers can pay BMC property tax under old regime: Bombay High Court

By Accommodation Times News Services Mumbai: Providing relief to even those property tax payers, who had not filed any writ petition the Bombay high court, in a further interim Order on 24th February 2014, has directed all property owners/tax-payers to go by the old regime and to pay 50%, of the differential

Buying FSI cannot be a way to regularize illegal structures : Bombay High Court

By Accommodation Times News Services By Advocate Ameet Mehta Mumbai: Buying extra floor space index or paying a penalty cannot be a way to regularize an unauthorized construction, the Bombay high court has ruled. Refusing to come to the aid of a seven-storey building in the Campa Cola compound in Worli, Justice

Express Contract necessary for society redevelopment : Bombay High Court

By Accommodation Times Bureau Mr.Gopi Gorwani VS. Jeevan Prabha Co-operative H. Soc. Ltd.Dt. August 30, 2012 IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPEAL NO.335 OF 2012 IN NOTICE OF MOTION NO.1394 OF 2012 IN SUIT NO.1330 OF 2012 Mr.Gopi Gorwani … Appellant VERSUS Jeevan Prabha Co-operative Housing Society Ltd. and ors. … Respondents Mr.Venkatesh Dhond, Senior advocate i/b Raval

Majority Prevails in Condos also: Bombay High Court

By Accommodation Times Bureau Shri Suresh Govind Zantey Vs. Mr.Madhukar Bhau Pansare and others. Bhagirath Condominium in Goregaon (E) Aug 29, 2012 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION APPEAL (LODGING) NO.509 OF 2012 IN NOTICE OF MOTION NO.3496 OF 2011 IN SUIT NO.2753 OF 2011 Shri Suresh Govind Zantey and others. ...

TDR Premium is exempt on ground of Mutuality : Bombay High Court

By Accommodation Times Bureau TDR Premium received by Co-op Hsg Society from its members is exempt on ground of “mutuality” The assessee, a Co-operative Housing Society formed of plot owners, passed a resolution to the effect that if any member desired to avail of the benefit of Transferable Development Rights (TDR)