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Mumbai tenant gets flats worth ₹1.38 cr after surrendering tenancy rights; receives tax notice — ITAT grants relief

1 source · first seen 11:02 24 Sept · updated 11:02 24 Sept

The brief

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  • Mumbai tenant Manoj Devshi Chhadva received two flats valued at ₹1.38 crore for surrendering tenancy rights
  • The ITAT granted relief after he received a tax notice
  • The ruling may inform Indian property owners and taxpayers on tax treatment of tenancy-rights compensation

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1 report · earliest 11:02
MintMumbai tenant gets flats worth ₹1.38 cr after surrendering tenancy rights; receives tax notice — ITAT grants relief11:02