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Received money to vacate your flat for redevelopment? ITAT clarifies when the compensation may be tax-free

13 Oct 2026 · 1d agoSource: LiveMint — Money

Mumbai ITAT has ruled that ₹82 lakh received by a flat owner as hardship compensation under a redevelopment agreement was not taxable as income. The ruling offers guidance to homeowners receiving compensation from builders during housing society redevelopment.

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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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