19-March-2026
Taxation
 
Gurugram man gets Rs 9.8 crore discount on Rs 33 crore flat; Income Tax Dept treats it as income — how ITAT ruled
18-Mar-2026

The Income Tax Appellate Tribunal (ITAT), Delhi, has delivered a significant ruling for property buyers and high-value real estate transactions, holding that a builder’s rebate or discount cannot automatically be treated as taxable income. The case involved Sh. Satya Prasan Rajguru vs DCIT (AY 2021–22), where the tax department attempted to tax a Rs 9.8 crore discount received by the buyer on the purchase of a luxury flat in Gurugram.

News Source:- https://www.financialexpress.com/money/gurugram-man-buys-rs-23-crore-flat-gets-rs-9-8-crore-builder-discount-tax-dept-treats-it-as-income-how-itat-rules-4176232/?ref=personalfinance_hp
 
 
 

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