Rs.66 lakh tax penalty over son's Rs.1.1 crore flat: How senior citizen won ITAT relief
New Delhi, Oct. 9 -- A property investment intended to help a family secure a home turned into a tax dispute for a senior citizen in Navi Mumbai after her son included her as a joint owner of a flat purchased for Rs.1.10 crore. The Income Tax Department treated two documents relating to the same property as separate purchases and subsequently made a Rs.2.20 crore addition to her taxable income.
However, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT), in an order dated 23 September 2026, granted relief to the senior citizen after finding that the same property transaction had been counted twice.
Jaishri Pande, a senior citizen with no independent source of income, had not filed an income tax return for the relevant assessme...
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