![Real Estate Firm Backs Down: ITAT Formally Dismisses Uncontested Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062430-real-estate-firm-itat-tax-appeal-taxscan.webp "Real Estate Firm Backs Down: ITAT Formally Dismisses Uncontested Tax Appeal [Read Order]")
Real Estate Firm Backs Down: ITAT Formally Dismisses Uncontested Tax Appeal [Read Order]
In a brief hearing that concluded without contest, the Income Tax Appellate Tribunal (ITAT), Nagpur Bench, dismissed the appeal filed by real estate...
IRP/RP Mandates to Operate Separate Bank Accounts for Real Estate Projects: IBBI notifies new Regulations [Read Notification]
The Insolvency and Bankruptcy Board of India ( IBBI ) has introduced amendments to the Insolvency and Bankruptcy Board of India ( Insolvency Resolution Process for Corporate Persons ) Regulations,...
![IRP/RP Mandates to Operate Separate Bank Accounts for Real Estate Projects: IBBI notifies new Regulations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/02/IBBI-Insolvency-and-Bankruptcy-Board-of-India-IBBI-New-Regulations-Real-Estate-IRP-RP-Bank-Account-Mandate-Taxscan.jpg "IRP/RP Mandates to Operate Separate Bank Accounts for Real Estate Projects: IBBI notifies new Regulations [Read Notification]")
Income Tax Department Conducts Search and Seizure Operation in 40 premises of J&K based Business Group; Seizes Rs. 1.70 Crores of Unaccounted Cash
In a significant operation conducted on October 9, 2023, the Income Tax Department undertook a thorough search and seizure action in Jammu & Kashmir, focusing on a prominent business...
Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that the mere transfer of real estate and construction business is not a case of succession of the firm by a company...
![Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Mere-Transfer-Real-Estate-Construction-Business-Sale-Consideration-Capital-Gains-ITAT-taxscan.jpg "Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]")
Land not a Capital Asset but a “Work-in-Progress” for Real Estate Company, Expenses to be treated as Revenue Expenditure: ITAT
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that Land is not a Capital Asset but a 'Work-in-Progress' for a Real Estate Company. It was also observed that the Expenses incurred...
![Transaction cannot be treated as “Real Estate” If Property held for a Long Time: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Transaction-Real-Estate-Property-held-for-a-Long-Time-ITAT-Taxscan.jpg "Transaction cannot be treated as “Real Estate” If Property held for a Long Time: ITAT [Read Order]")
RBI enhances Individual Housing Loan limits and credit to Commercial Real Estate - Residential Housing [Read Circular]
As announced in the Statement on Developmental and Regulatory Policies, it has been decided by the Reserve Bank of India to revise the limits on residential housing loans sanctioned by rural...
