Newsgather
BackMumbai Tenant Wins Tax Battle Over Surrendered Tenancy Rights in Redevelopment Project
Mumbai Tenant Wins Tax Battle Over Surrendered Tenancy Rights in Redevelopment Project
NOTICIA
Economic Times14.05.2026LawIndia

Mumbai Tenant Wins Tax Battle Over Surrendered Tenancy Rights in Redevelopment Project

En resumen

A Mumbai tenant successfully challenged a Rs 1.1 crore tax notice for surrendering tenancy rights for a new flat in a redeveloped building, with the ITAT ruling the taxable event hadn't occurred in the assessed year.

Resumen generado por IA

Tamaño de fuente

A Mumbai tenant successfully challenged a Rs 1.1 crore tax notice for surrendering tenancy rights for a new flat in a redeveloped building, with the ITAT ruling the taxable event hadn't occurred in the assessed year.

Read the full article on Economic Times

Temas relacionados

This article was originally published by Economic Times.

Noticias relacionadas

ITAT Ruling Highlights TDS Obligations for Property Buyers
En desarrollo·1 sa önce

ITAT Ruling Highlights TDS Obligations for Property Buyers

The Mumbai Income Tax Appellate Tribunal (ITAT) ruled that a property buyer is not liable for short TDS deduction if the seller regularizes their PAN. The case involved a Rs 1.9 crore flat purchase where the buyer deducted TDS on her share, but the tax department sought higher TDS due to an inoperative PAN. ITAT deleted the demand, citing CBDT circulars and the seller's tax compliance. Experts advise buyers to be aware of TDS obligations, especially for non-resident sellers or joint property purchases.

Times of India
Supreme Court Indicates No Intervention in Pre-Election Nomination Rejections
Law·10 sa önce

Supreme Court Indicates No Intervention in Pre-Election Nomination Rejections

The Supreme Court of India indicated it typically does not intervene in cases of rejected election nominations before elections, suggesting remedies should be sought through election law post-rejection. This stance came during a hearing of Congress leader Meenakshi Natarajan's plea against the rejection of her Rajya Sabha nomination in Madhya Pradesh due to alleged non-disclosure of a criminal case.

Economic Times
Más sobre este tematax