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
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PropEquity predicts a decline in housing sales across top 9 cities, with Mumbai and Delhi NCR being the most affected.
MUMBAI: Home sales in 2024 saw a significant boost, reaching 5.8 lakh units worth Rs 4 trillion. The residential real estate market is poised for continued growth in 2025, with over 3.6 lakh units expected to be delivered across major cities.
The Enforcement Directorate has exposed a complex scheme used by Shine City Group to siphon off over ₹1000cr from investors, revealing a trail of laundered money and benami properties.
Godrej Properties expands its Pune footprint with a significant land acquisition, joining other major developers like Birla Estates in the city's thriving real estate market.
The real estate industry in Delhi-NCR experienced a slowdown in housing supply, with an 8% decrease in unit deliveries during FY25. Despite the challenges, Pune remained the leading city in home deliveries, contributing significantly to the market.
Currently, the housing market in Sohna is booming with a variety of 2BHK and 3BHK units, catering primarily to mid-to-high-end buyers. With over 16,000 new units expected to hit the market, Sohna is fast becoming a hotspot for real estate investments.