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Tax & ComplianceLiveMint — Money

₹66 lakh tax penalty over son’s ₹1.1 crore flat: How senior citizen won ITAT relief

9 Oct 2026 · 5d agoSource: LiveMint — Money

A senior citizen in Navi Mumbai faced a ₹2.20 crore tax addition after the Income Tax Department treated two documents for the same flat as separate purchases. The ITAT granted relief, highlighting why joint ownership alone does not establish who funded a property and why payment records matter.

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This digest is published with acknowledgment to LiveMint — Money. For the complete analysis, headnotes, and citations, please refer to the source.

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