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ITAT Allows Foreign Exchange Loss as Revenue Expenditure in Real Estate

Real Estate

ITAT Allows Foreign Exchange Loss as Revenue Expenditure in Real Estate

The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that a foreign exchange loss of Rs. 1,12,449, arising from consulting charges paid to foreign parties, should be allowed as deductible expenditure rather than being capitalized to project costs.

July 31, 2025
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What Caused the 25-Vehicle Pile-Up on Mumbai-Pune Expressway?

Real Estate Pune

What Caused the 25-Vehicle Pile-Up on Mumbai-Pune Expressway?

A massive 25-vehicle pile-up on the Mumbai-Pune Expressway resulted in one death and 18 injuries. The accident was caused by a container trailer's brake failure on a steep stretch of road near the Adoshi tunnel.

July 27, 2025
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Tragic Mishap on Mumbai-Pune Expressway: Truck Collides with 20 Vehicles, One Fatality

Real Estate Pune

Tragic Mishap on Mumbai-Pune Expressway: Truck Collides with 20 Vehicles, One Fatality

A speeding container trailer truck collided with at least 20 vehicles on the Mumbai-Pune Expressway, resulting in one death and 18 injuries. The accident, which occurred near the Adoshi tunnel, has caused significant traffic disruption and raised concerns about road safety.

July 26, 2025
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Tragic Pile-Up on Mumbai-Pune Expressway: 1 Dead, 20 Vehicles Involved

Real Estate Pune

Tragic Pile-Up on Mumbai-Pune Expressway: 1 Dead, 20 Vehicles Involved

A massive collision involving 20 vehicles on the Mumbai-Pune Expressway has resulted in one fatality and 18 injuries. The incident, triggered by a speeding container truck with brake failure, led to significant traffic jams.

July 26, 2025
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Tragic Death of Woman Lawyer in Road Accident on Pune-Mumbai Highway

Real Estate Mumbai

Tragic Death of Woman Lawyer in Road Accident on Pune-Mumbai Highway

A woman lawyer, Apeksha Thorat, 26, was killed in a tragic road accident on the old Pune-Mumbai highway near Dapodi Metro station. Her father, an ex-serviceman, lodged an FIR at the Dapodi police station.

July 26, 2025
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The Resort Mumbai: A Haven for the OMG Face of the Year Contestants

Real Estate Mumbai

The Resort Mumbai: A Haven for the OMG Face of the Year Contestants

The Resort, Mumbai, continues its partnership with the OMG Face of the Year, providing a luxurious and comfortable home for the contestants. Discover the amenities and experiences that await them.

July 25, 2025
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