Thursday, November 5, 2020

SC upholds order of Consumer Commission granting refund to allottees on delay in completion of housing project

COMPANY LAW/RERA : Where complainants had booked apartments in appellant's housing project in 2011-12 and as promised, construction should have been completed in 42 months but period had expired well before project was registered under provisions of RERA Act, it was held that merely because registration under RERA Act was valid till 31-12-2020 did not mean that entitlement of concerned allottees to maintain an action stood deferred and, therefore,

from www.taxmann.com Latest Case Laws https://ift.tt/32bgZGD

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...