Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ITAT has ruled that profits from the sale of Transfer of Development Rights (TDR) are taxable under the head 'Capital Gains,' clarifying the tax implications when existing land is surrendered.
The Karnataka High Court held that landowners under Joint Development Agreements (JDAs) are considered co-promoters under the RERA framework, upholding the validity of an auction notice.
The Karnataka HC has upheld an auction notice under RERA, concluding that landowners under Joint Development Agreements (JDA) qualify as co-promoters. This ruling establishes key clarifications regarding responsibilities under real estate laws.
The Supreme Court has quashed an FIR against a property vendee, determining that the sale had been duly authorized by a Power of Attorney (PoA). The court ruled that the dispute did not warrant criminal action against the vendee.
The SAFEMA Tribunal has ruled that the Enforcement Directorate cannot attach properties bought by bona fide buyers in a developer's fraud case, clarifying the definition of 'proceeds of crime'.
In a ruling involving the determination of the Sale Deed Value (SDV), the ITAT clarified that the date of allotment should be treated as the effective date of agreement in property transactions, rather than the date of registration.
The SAFEMA Tribunal ruled that accounted plots belonging to bona fide buyers cannot be considered as proceeds of crime in a developer’s fraud case, thereby protecting the rights of such buyers.
The SAFEMA Tribunal has determined that accounted plots belonging to alleged bona fide buyers cannot be classified as proceeds of crime, thereby preventing the Enforcement Directorate (ED) from attaching these assets in a developer fraud case.
The Supreme Court of India ruled that revenue map corrections cannot reopen settled disputes under the Uttar Pradesh Revenue Code, setting a precedent for future cases.
The Calcutta High Court ruled that any lease executed during the pendency of a SARFAESI notice is void. The court granted an injunction to the auction purchaser, protecting their possession of the secured asset.
The Chhattisgarh High Court has granted interim protection to an educational society, directing the Municipal Corporation to decide on the society's property tax exemption objections within 60 days before initiating recovery actions. This decision emphasizes the need for timely administrative review process.
The Bombay High Court determined that auction sale certificates under the IBC are not subject to stamp duty, requiring only filing to be valid.