Compensation For Delay In Flat Possession Not Taxable Under Section 50C, Rules Mumbai ITAT
Last Updated:November 09, 2025, 4:43 PM IST Mumbai ITAT rules compensation for flat delivery delays is not taxable under Section 50C. Experts say this offers relief to taxpayers facing project delays. Section 50C Can’t Apply Without Actual Property Transfer, Rules Mumbai ITAT In a significant ruling, the Mumbai bench of the Income Tax Appellate Tribunal…