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![Receipt of ‘On-Money Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-sale-of-flats-taxation-on-money-sale-of-flats-taxation-taxscan.jpg "Receipt of ‘On-Money Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]")
Receipt of ‘On-Money' Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the receipt of 'on-money' from the sale of flats cannot be taxed,...
![Income Portion of On-Money Assessable in the Year in Which Sale of Flat is Declared: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Portion-of-On-Money-Income-Portion-of-On-Money-Sale-of-Flat-Sale-of-Flat-is-Declared-ITAT-Income-Tax-taxscan.jpg "Income Portion of On-Money Assessable in the Year in Which Sale of Flat is Declared: ITAT [Read Order]")
![No Deemed Rent on Flats Sold by Builder declared as Stock-in-Trade: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deemed-Rent-Flats-Sold-by-Builder-Stock-in-Trade-Deemed-Rent-Flats-Sold-Deemed-Rent-on-Flats-Sold-ITAT-Builder-taxscan-1.jpg "No Deemed Rent on Flats Sold by Builder declared as Stock-in-Trade: ITAT [Read Order]")
![Builder eligible for Service Tax Refund on Refund to Customers on cancellation of Sale of Flats: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CESTAT-Delhi-Service-Tax-Refund-Builder-Service-Tax-Refund-Customers-cancellation-Sale-of-Flats-CESTAT-Taxscan.jpg "Builder eligible for Service Tax Refund on Refund to Customers on cancellation of Sale of Flats: CESTAT [Read Order]")
Discount can't be treated as Bogus If Some Customers Denied: ITAT allows Deduction to Developers [Read Order]
“It is the decision of the business-men how much discount is to be allowed to a particular person and it is the prerogative of the assessee to run the business as per the business strategy adopted...
![Discount cant be treated as Bogus If Some Customers Denied: ITAT allows Deduction to Developers [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/diss.jpg "Discount cant be treated as Bogus If Some Customers Denied: ITAT allows Deduction to Developers [Read Order]")
Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has ruled that the income from the sale of flats and the undivided share in such land could be assessed under the head “capital gains” since the...
![Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flats-Taxscan.jpg "Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]")
![Cenvat Credit Allowable for Service Tax paid on Commission on Sale of Flats: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Cenvat-Credit-Sale-Flat-Taxscan.jpg "Cenvat Credit Allowable for Service Tax paid on Commission on Sale of Flats: CESTAT [Read Order]")