He surrendered tenancy rights for redevelopment and got 2 flats worth Rs 1.38 crore; taxman added it as income, why ITAT Mumbai gave him relief
The two flats provided to him under the PAA were valued at Rs 1.38 crore by the stamp duty authorities. (Image for representative purpose only) This is the case of a man who surrendered his tenancy rights and got flats from the builder in lieu of that. He was then served an income tax notice […]
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