The Madras High Court has directed a taxpayer to file a fresh representation before the Income Tax Officer (ITO) for an income tax refund of Rs. 3 lakhs for the Assessment Year (AY) 2015-16. The court also instructed the ITO to consider and act upon the representation within six weeks.
Income Tax RefundMadras High CourtItoTax PlanningForm 16Real EstateMay 18, 2025
The income tax refund claim in this case is Rs. 3 lakhs for the Assessment Year 2015-16.
The petitioner in this case is Thirumalai Ramesh S, along with 38 co-employees.
The Madras High Court directed the petitioner to file a fresh representation before the Income Tax Officer (ITO) for the income tax refund claim.
The ITO has been instructed to forward the representation to the concerned authorities, who shall consider and act upon it within six weeks.
Mr. J. Nagarajan appeared for the petitioner, and Dr. B. Ramaswamy, Senior Standing Counsel, appeared for the department.
India's fractional ownership market is expected to exceed $5 billion by 2030
The real estate sector is seeking 'high-impact' measures to revive affordable housing, including special schemes, tax breaks, and revised pricing definitions.
As cities expand, natural spaces are dwindling. But is it possible to create a symbiosis between urbanization and nature? We explore the possibilities.
Anand Tandon shares his insights on the current market sentiment, IPOs, and sectors to watch out for.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken action against developers in Pune, a region heavily affected by pending home sales. MahaRERA has ordered developers to refund buyers to address the growing complaints.
Led by Ar. Sumit Tayal, Tayal Corp. is not just another real estate developer; it is a collective of thinkers, visionaries, and problem-solvers. Discover how this innovative company is transforming the landscape of Pune's real estate industry.