October 16, 2026
Business

Received money to vacate your flat for redevelopment? ITAT clarifies when the compensation may be tax-free(Soban News)

Mumbai ITAT has ruled that ₹82 lakh received by a flat owner as hardship compensation under a redevelopment agreement was not taxable as income. The ruling offers guidance to homeowners receiving compensation from builders during housing society redevelopment.

​Mumbai ITAT has ruled that ₹82 lakh received by a flat owner as hardship compensation under a redevelopment agreement was not taxable as income. The ruling offers guidance to homeowners receiving compensation from builders during housing society redevelopment. by Soban News (international And National News)

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