Received money to vacate your flat for redevelopment? ITAT clarifies when the compensation may be tax-free
After publishing: 1 headline quietly rewritten1 change
- Times of Indiaseen 20 Oct, 10:50headline rewritten
Sold house, bought Rs 1.10 cr flat with wife; taxman rejects exemption for half amountSold house, bought Rs 1.10 cr flat with wife; I-T dept rejects exemption for half amount
What it is about
Who published it, and when
How it spread - 6 original reports
Tue, 13 October 2026
1 report- livemint.com11:09
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.
Wed, 14 October 2026
1 report- Times of India16:36first to report
A man inherited 400 square yards of leasehold land from his late mother in 1997. Towards the end of 1999, he entered into an agreement with a developer to demolish the existing house and construct a new building. Nearly two decades later, in 2018, the man decided to undertake another redevelopment of the property. As part of the 2018 redevelopment agreement, the man received Rs 75 lakh from the builder.
Thu, 15 October 2026
1 report- Times of India16:49
The man had purchased a 510-square-foot flat in a housing society in Mumbai, during FY 2006-07, where he lived with his wife. Many years later, in FY 2012-13, the housing society entered into a redevelopment agreement with a builder. The builder handed over the redeveloped flat to the man after the two parties entered into an Agreement for Permanent Alternate Accommodation in 2018.
Mon, 19 October 2026
1 report- Times of India10:38edited after publishing
previously
Sold house, bought Rs 1.10 cr flat with wife; taxman rejects exemption for half amountA man sold his residential property and invested the proceeds in another flat in Mumbai. The replacement property was jointly registered in his and his wife's names, with the total investment of around Rs 1.10 crore. He claimed exemption on the capital gains under Section 54 of the Income Tax Act.
Tue, 20 October 2026
1 report- Times of India03:27
The dispute concerned a man and his wife, who jointly owned a property in Delhi before selling it.The Income Tax Department alleged that the buyers had paid an additional amount in cash beyond the sale consideration documented in the registered conveyance deed. The assessing officer calculated the total transaction value at around Rs 3.30 crore, whereas the registered sale deed recorded a consideration of Rs 1.60 crore.
Wed, 21 October 2026
1 report- Times of India01:28
The Income Tax Department reopened a woman’s assessment for assessment year 2015-16, alleging that she had wrongly claimed a Rs 14.70 lakh deduction under Section 54F of the Income Tax Act. The Assessing Officer denied the deduction on the ground that she owned more than one residential house apart from the new asset, and assessed her income at Rs 16,70,500.