ITAT Ruling: Non-deposit of LTCGs Won't Affect Tax Benefits for New Home Purchase

14 Dec 2023 CW Team

In a recent development, the Income Tax Appellate Tribunal (ITAT) has ruled that the non-deposit of Long Term Capital Gains (LTCG) in a designated account will not lead to the denial of tax benefits for the purchase of a new house. The decision clarifies a crucial aspect of the tax regulations, providing relief to taxpayers engaging in property transactions. The ITAT decision underscores the importance of understanding the intricacies of LTCG handling in real estate transactions. Taxpayers can now navigate these regulations with more clarity and assurance, ensuring compliance without the risk of losing eligible tax benefits.

Infrastructure Urban

21 Jul 2026

Indobell Secures Domestic Order For Nodulated Wool

Indobell Insulations Limited (Indobell) has disclosed that it has secured a domestic order from Sundaram Brake Linings Limited (Sundaram Brake Linings) for the supply of nodulated wool valued at Rs 48.74 mn. The company submitted the disclosure to BSE Limited on 17 July 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and related circulars. The filing identified the purchaser as a domestic entity and described the contract as a standard supply agreement to be fulfilled over a specified timeline. The order carries payment terms of 45 days by..

PTC Secures BrahMos Order For Strategic Missile Subsystem

PTC Industries Limited has received a landmark order from BrahMos Aerospace Private Limited for development, integration and supply of a strategic missile sub-system for the BrahMos programme. The order marks the company’s first major assignment in systems-level integration and represents a strategic move further downstream in the aerospace and defence value chain. The award reflects BrahMos Aerospace's confidence in PTC’s engineering depth, manufacturing discipline, quality systems and execution capability. The development opens a new chapter as PTC transitions from supplying critical mat..

Monarch Surveyors Secures Rs 43.6 Million Government Contract

Monarch Surveyors and Engineering Consultants said it has secured a work order worth Rs 43.6 million (mn) from the Office of the District Superintendent of Land Records in Parbhani, Maharashtra. The mandate covers the selection of agencies to provide licensed surveyor services for the district and is subject to necessary approvals from relevant government authorities. The company indicated the work is scheduled to commence immediately and will be completed in accordance with the terms of the contract. The company stated the contract has been awarded by a domestic government entity and will be ..