Mumbai man pays ‘Zero Tax’ on ₹5 crore land sale despite filing ITR late; why ITAT still gave tax exemption
- Posted on May 22, 2026
- By The Times of India
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- 1 min read
Mumbai man pays ‘Zero Tax’ on ₹5 crore land sale despite filing ITR late; why ITAT still gave tax exemption
In a recent update, a ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has introduced big-time relief to taxpayers dealing with capital gains tax on property sales. Now this is a case that involves the sale of land costing around ₹5 crore.
