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ITAT Mumbai Clarifies - Redeveloped Flats Not Taxable as Income
Discover how the recent ITAT Mumbai ruling protects redevelopment flat owners from unfair taxation under 'Income from Other Sources'
- 6th Apr 2025
- 1158 Views
In a Landmark Ruling, The ITAT Has Determined That Rent Paid by The Developer in Redevelopment Cases is Not Taxable
The Income-Tax Appellate Tribunal (ITAT) Mumbai tribunal ruled recently that rental recompense received from a contractor as a result of redevelopment is not taxable in the hands of the erstwhile unit proprietor.
- 27th Apr 2023
- 1638 Views
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