The Mumbai ITAT stated that one co-owner cannot be held accountable for the total tax discrepancy. The tribunal highlighted that the ownership shares had been explicitly recorded. The lack of action from tax authorities does not validate the taxation of just one owner’s share. Tax officers must conduct a proper review when disputing stamp-duty valuations. This ruling brings much-needed clarity to property buyers navigating valuation disputes.
from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/yGBXPLs
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