Development Rights taxable In Case Of Housing Societies

By Accommodation Times Bureau Commissioner of Income Tax-18 Vs. Sambhaji Nagar Co-op. Hsg. Society Ltd., Income Tax Appeal No. 1356 of 2012   Introduction: In Mumbai, hundreds of Co-operative Housing Societies are functioning whose buildings have become old and dilapidated due to age. The societies lack finance and technical expertise to repair their buildings. The societies, therefore, seek the

HC scraps land acquisition deal of Ansal properties in Ghaziabad

Ashvita Singh Accommodation Times News Service The Allahabad High Court on 14th December, 2016 quelled the land acquisition process drawn in favor of Ansal properties some 8 years ago in Ghaziabad. The land, which is in Pargana Lori village of Ghaziabad, was acquired by Ghaziabad Development Authority (GDA), and later was provided to