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Articles for Leasehold

Unregistered Agreement Insufficient To Transfer Leasehold Rights, Housing Board's Procedure Paramount: J&K High Court
3 weeks, 2 days ago

Unregistered Agreement Insufficient To Transfer Leasehold Rights, Housing Board's Procedure Paramount: J&K High Court

Live Law  

The Jammu and Kashmir and Ladakh High Court has reaffirmed that an unregistered agreement to sell is inadequate to transfer leasehold rights, emphasizing the exclusive procedure of the J&K Housing Board for such transfers. In dismissing an appeal against a demolition order Justices Rajnesh Oswal and Sanjay Dhar highlighted the paramountcy of J&K Housing board over its properties on lease …

Housing Legal Court Rights Transfer Agreement Khan
Leasehold law delayed because of ‘flawed’ Tory version
1 month ago

Leasehold law delayed because of ‘flawed’ Tory version

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Long-suffering leasehold flat owners face …

Law Lease Leasehold Leaseholders
Only 13 of 111 properties find takers at CHB’s latest e-auction
3 months, 2 weeks ago

Only 13 of 111 properties find takers at CHB’s latest e-auction

Hindustan Times  

Chandigarh Housing Board’s attempt to auction its 111 properties after a gap of eight months turned out to be a flop show as only 13 properties were sold. Surprisingly, two middle income group flats in Sector 47-D, priced at ₹ 1.78 crore each, were sold for ₹ 2.31 crore each, fetching the board ₹ 7.94 crore against the reserve price …

Price Crore Chb Residential Properties
Deeming Provisions Of Section 50C Can't Be Applied For Leasehold Rights: Delhi ITAT
6 months ago

Deeming Provisions Of Section 50C Can't Be Applied For Leasehold Rights: Delhi ITAT

Live Law  

The Delhi Bench of Income Tax Appellate Tribunal has held that deeming provisions of Section 50C of the Income Tax Act cannot be applied for leasehold rights.The bench of Kul Bharat and Avdhesh Kumar Mishra has observed that only if a capital asset, be it land, a building, or both, is transferred and the consideration received or accruing as a. …

Tax Rights Income Capital Judicial Itat Provisions
Expenditure Incurred By Way Of Addition To Buildings, Electrical Fittings On Leasehold Premises Is Capital Expenditure: Kerala High Court
6 months, 3 weeks ago

Expenditure Incurred By Way Of Addition To Buildings, Electrical Fittings On Leasehold Premises Is Capital Expenditure: Kerala High Court

Live Law  

The Kerala High Court has held that the expenditure that was incurred by the appellant/assessee by way of addition to buildings and electrical fittings on leasehold premises was in the nature of capital expenditure and not revenue expenditure.The bench of Justice Dr. A.K. According to the Assessing Authority and the First Appellate Authority, the expenditure that was incurred by the …

Nature Kerala High Court Capital Revenue Tribunal Authority Expenditure
Lessee Cannot Be Allowed To Accept Beneficial Terms & Conditions Of Lease While Avoiding Terms Which Are Against His Interests: J&K High Court
6 months, 3 weeks ago

Lessee Cannot Be Allowed To Accept Beneficial Terms & Conditions Of Lease While Avoiding Terms Which Are Against His Interests: J&K High Court

Live Law  

Ruling against the selective acceptance of lease conditions by lessees the Jammu and Kashmir and Ladakh High Court has ruled that a lessee cannot selectively accept only the favourable terms and conditions of a lease while rejecting the unfavorable ones. In dismissing an appeal challenging a decision by a Single Judge regarding the payment of premium for the transfer of …

Court Rights Transfer Lease Payment Premium Appellant
Will resolve lal dora, leasehold conversion issues: Sanjay Tandon
8 months ago

Will resolve lal dora, leasehold conversion issues: Sanjay Tandon

Hindustan Times  

Addressing a public rally at Vikas Nagar in Mauli Jagran, Bharatiya Janata Party’s Chandigarh nominee Sanjay Tandon promised to resolve all issues such as lal dora and conversion of leasehold properties to freehold. Today, I assure you that all your pending demands will be resolved.” Pays obeisance at Nanaksar Gurdwara Paying obeisance at the Nanaksar Gurdwara in Sector 28, Tandon …

Pm Modi Tandon Sanjay Tandon Lal Dora
Finolex Industries sells leasehold rights of 25 acres of land in Pune for ₹470 crore
8 months, 2 weeks ago

Finolex Industries sells leasehold rights of 25 acres of land in Pune for ₹470 crore

Hindustan Times  

Finolex Industries has sold its leasehold rights of 25 acres for ₹470 crore to Terra Vista Developer in Pimpri, Waghere, Pune, documents accessed by CRE Matrix showed. Finolex Industries has sold its leasehold rights of 25 acres for more than ₹ 470 crore to Terra Vista Developer in Pimpri, Waghere, Pune, property documents showed. In 2022, Microsoft Corporation had acquired …

Land Pune Crore Industries Acres 25 Acres Pimpri
Leasehold Interest In Land Is An Asset Of Company And Is Capable Of Valuation: Jammu & Kashmir High Court
8 months, 2 weeks ago

Leasehold Interest In Land Is An Asset Of Company And Is Capable Of Valuation: Jammu & Kashmir High Court

Live Law  

The Jammu & Kashmir High Court has held that leasehold interest in the land is an asset of the company and is capable of valuation.The bench of Justice Tashi Rabstan and Justice Puneet Gupta has upheld the order of the Tribunal in which it was held that leasehold interest is to be included in the value of assets of M/s. …

High Court Market Income Tax Land Company Tribunal Value
Leasehold Interest In Land Is Asset Of Company, Capable Of Valuation: Jammu & Kashmir And Ladakh High Court
9 months, 2 weeks ago

Leasehold Interest In Land Is Asset Of Company, Capable Of Valuation: Jammu & Kashmir And Ladakh High Court

Live Law  

The Jammu & Kashmir and Ladakh High Court has held that leasehold interest in the land is an asset of the company and is capable of valuation. Jyoti Private Limited so as to determine the fair market value of shares held by the assessee as well as other shareholders.The bench of Justice Tashi Rabstan and Justice Puneet. Jyoti Private Limited …

Market Sale Income Tax Land Company Value Jammu
Chandigarh Housing Borad, MC fined for failing to convert residential property to freehold
10 months, 2 weeks ago

Chandigarh Housing Borad, MC fined for failing to convert residential property to freehold

Hindustan Times  

Setting aside a district commission’s order, the State Consumer Disputes Redressal Commission has penalised the Chandigarh Housing Board and municipal corporation, and directed them to take up a city resident’s case of conversion of his house from leasehold to freehold and also execution of conveyance deed within three months. Bembey’s counsel said instead of getting the conveyance deed executed in …

Commission Chb Complainant Manimajra Conveyance Deed Bembey
Some flat owners are getting 'nothing in return' for ground rent they pay, suggests Leasehold Bill Committee MP
10 months, 4 weeks ago

Some flat owners are getting 'nothing in return' for ground rent they pay, suggests Leasehold Bill Committee MP

Daily Mail  

Flat owners who are paying thousands of pounds a year in ground rent charges have welcomed comments from an MP who spoke out in support of them this week. Speaking on the Leasehold Bill Committee, Barry Gardiner MP questioned a representative from the Residential Freehold Association - Jack Speerman - about the vast sums of money that some flat owners …

Pension Pay Service Flat Funds Ground Rents
Bombay High Court Set Aside Reassessment Proceedings Alleging Escapement Of Income On Transfer Of Leasehold Rights
1 year ago

Bombay High Court Set Aside Reassessment Proceedings Alleging Escapement Of Income On Transfer Of Leasehold Rights

Live Law  

The Bombay High Court has quashed the reassessment proceedings alleging escapement of income on transfer of leasehold rights.The bench of Justice K.R. The Bombay High Court has quashed the reassessment proceedings alleging escapement of income on transfer of leasehold rights. The petitioner filed its return of income for the Assessment Year 2018-19 on October 30, 2018, showing Rs. 43 crore …

Tax Rights Bombay High Court Assessment Income Tax Transfer Income
Once again, no takers for Chandigarh Housing Board’s 88 commercial units
1 year, 1 month ago

Once again, no takers for Chandigarh Housing Board’s 88 commercial units

Hindustan Times  

Chandigarh Housing Board’s latest round of property auction proved to be another damp squib, with none of the 88 leasehold commercial properties finding a buyer. But despite the Chandigarh Housing Board slashing the reserve price by 10%, they have found no takers. During the last auction held on July 5, CHB had managed to sell eight freehold residential units, but …

Properties Commercial Price Lakh No Takers
Gujarat High Court Weekly Round-Up: October 16 - October 22, 2023
1 year, 2 months ago

Gujarat High Court Weekly Round-Up: October 16 - October 22, 2023

Live Law  

Judgements/Orders This Week Court Cannot Force Medical Tests To Ascertain Mental Stability Of Corpus: Gujarat High Court Case Title: Padmaben Rajendrabhai Vyas Versus State Of Gujarat LL Citation: 2023 LiveLaw 165 The Gujarat High Court, in a significant dissenting opinion from a previous order issued by the Coordinate Bench, has ruled that individuals under a Habeas Corpus petition cannot be …

Justice Arbitration Court Gujarat Order High Muslim
Gujarat High Court Stays Proceedings Concerning GST Imposition On Transfer Of Leasehold Rights Of GIDC Land
1 year, 2 months ago

Gujarat High Court Stays Proceedings Concerning GST Imposition On Transfer Of Leasehold Rights Of GIDC Land

Live Law  

The Gujarat High Court stayed the proceedings in respect of the issue related to the imposition of GST on the transfer of leasehold rights to Gujarat Industrial Development Corporation land and issued the notice to the department.The bench of Justice Biren Vaishnav and Justice Mauna M. Bhatt passed this order while presiding over a petition in respect of several notices …

Gujarat Land Transfer Gst Gujarat High Court Leasehold Rights Gidc
Allowing leasehold to freehold conversion in Chandigarh being considered: MHA to SC
1 year, 3 months ago

Allowing leasehold to freehold conversion in Chandigarh being considered: MHA to SC

Hindustan Times  

The conversion of industrial/commercial plots from leasehold to freehold is a major policy decision for Chandigarh and it will be taken only after due consideration of all relevant facts, the ministry of home affairs said in an affidavit to the Supreme Court on Monday. Chandigarh currently has 6,621 commercial and 1,451 industrial plots on leasehold, which allow occupation for a …

Chandigarh Mha Affidavit Freehold Leasehold
Weekly Digest Of IBC Cases: 15 To 21 May 2023
1 year, 7 months ago

Weekly Digest Of IBC Cases: 15 To 21 May 2023

Live Law  

Supreme Court Supertech Insolvency: Supreme Court Approves 'Project Wise Resolution' Plan Case Title: Indiabulls Asset Reconstruction Company Limited v Ram Kishore Arora & Ors. 05/MB-IV/2020 The National Company Law Tribunal, Mumbai bench, comprising of Shri Kishore Vemulapalli and Shri Prabhat Kumar, has initiated Corporate Insolvency Resolution Process against M/s Tulip Hotels Private Limited. 827/MB-IV/2022 The National Company Law Tribunal, Mumbai …

Law Mumbai Corporate National Title Company Tribunal
Advance Paid Towards Transfer Of Leasehold Rights In An Immovable Property Is Not An Operational Debt: NCLT Mumbai
1 year, 7 months ago

Advance Paid Towards Transfer Of Leasehold Rights In An Immovable Property Is Not An Operational Debt: NCLT Mumbai

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising Shri Kishore Vemulapalli and Shri Prabhat Kumar, while adjudicating an application under Section 9 of Insolvency and Bankruptcy Code, 2016 in RSM Infra Partners vs Siddhivinayak Skyscrapers Private Limited has held that an amount paid as advance towards an agreement of transfer of leasehold rights in an immovable property does not come …

Mumbai Corporate Rights Operational Creditor Operational Transfer Debt
Lease Rent Paid For Acquiring Mining Rights Is Capital In Nature, Income Tax Deduction Not Allowable: ITAT
1 year, 9 months ago

Lease Rent Paid For Acquiring Mining Rights Is Capital In Nature, Income Tax Deduction Not Allowable: ITAT

Live Law  

The Pune Bench of the Income Tax Appellate Tribunal has observed that lease rent paid for acquiring mining rights is capital in nature and income tax deductions cannot be allowed.The two-member bench of Partha Sarthi Choudhary and Inturi Rama Rao disallowed the amount of Rs. The Pune Bench of the Income Tax Appellate Tribunal has observed that lease rent paid …

Income Tax Lease Member Itat Income Tax Deduction Lease Rent Mining Rights
MSME Industry Body Seeks Review Of GST Levy On Land Lease Transactions
1 year, 10 months ago

MSME Industry Body Seeks Review Of GST Levy On Land Lease Transactions

News 18  

Chamber of Small Industries Association has urged the government to revisit the issue of GST on leased land affecting MSMEs across the country. In an official release here on Thursday, COSIA president Sandeep Parekh said that the GST department has put the industry in a state of fear by sending summons and has started an investigation into how many transfers …

India Maharashtra Land Msme Gst Leasehold Rights Lease Transactions
Watchdog drops case against Barratt Homes in leasehold mis-selling scandal
2 years, 4 months ago

Watchdog drops case against Barratt Homes in leasehold mis-selling scandal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An investigation into alleged mis-selling …

Homes Cma Watchdog Leasehold Barratt Leasehold Homes Barratt Homes
Do I have to pay the £40k for the major work to my block of leasehold flats?
2 years, 7 months ago

Do I have to pay the £40k for the major work to my block of leasehold flats?

Daily Mail  

I am a new leaseholder, having moved in December 2020. Stephen Gold, ex-judge and author, explains: Tenants who hold long leases have a knack of achieving a quick sale once they have a whiff of plans for major works to the building. It is imperative to make the fullest enquiries before agreeing to buy a lease about the landlord’s intentions …

Seller Leasehold Surveyor Stephen Gold Major Works
More UK leaseholders freed from toxic ground rent clauses
2 years, 9 months ago

More UK leaseholders freed from toxic ground rent clauses

Daily Mail  

More than a dozen companies have freed thousands of leaseholders from toxic ground rent clauses that double in price and prevent them from selling their homes. Fifteen companies will free leaseholders from toxic ground rent clauses that leave homeowners unable to sell It follows intervention by the Competition and Markets Authority that believes that such doubling causes are unfair and …

Housing Limited Ground Rents Cma Rent Nlc