AI Overview...
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Real Estate Developer and Revenue Recognition - The appellant, a partnership firm involved in real estate development, follows project-based revenue recognition, with issues surrounding the appropriate method for accounting and taxation under the Income Tax Act, 1961. The case highlights the complexities in revenue recognition for real estate projects and the need for clear accounting practices. Assessee vs Ld. CIT(A) - Income Tax Appellate Tribunal
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Consumer Protection Act & Buyer Rights - Multiple cases involve the appellant (builder/developer) facing consumer complaints for non-delivery of possession, cancellation of allotments, or failure to provide clear possession dates. Courts have scrutinized the appellant's explanations for delays and non-compliance, often setting aside orders or remanding cases for detailed hearings. These cases emphasize the importance of transparency, timely delivery, and proper communication with consumers. Taneja Developers and Infrastructure Ltd VS Kuldeep Singh Minhas - Consumer, Lokhandwala Construction Industries Pvt. Ltd. VS Bala K. Ayer - Consumer, Indraprastha Apartment Owners Association VS T. Kishore Reddy - Consumer, Saroj Kharbanda VS Bigjo’s Estates Limited - Consumer, Unitech Limited VS Om Prakash Dua - Consumer
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Unfair Trade Practices & Deposit Collection - The appellant was found liable for engaging in bogus schemes to collect deposits from consumers, constituting unfair trade practices. Courts have held such schemes unlawful, requiring refunds and penal actions. This underscores the regulatory vigilance against fraudulent practices in real estate. TALLURI ANANDA KUMAR VS D. PALLAVI - Consumer
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Regulatory Compliance & Project Approvals - The appellant engaged in real estate development under the Real Estate (Regulation and Development) Act, 2016, applying for necessary approvals like completion certificates and adhering to legal requirements. Cases reflect the importance of compliance with statutory provisions for project approval and registration. PRT CONSTRUCTIONS THROUGH ITS PROPRIETOR G. S. SOLANKI VS STATE OF CHHATTISGARH THROUGH ITS SECRETARY, TOWN & COUNTRY PLANNING DEPARTMENT, NAYA RAIPUR (CG) - Chhattisgarh
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Historical & Corporate Background - The respondent, Sir Sobha Singh, established a prominent real estate entity in 1945, involved in landmark projects like Sujan Singh Park. Such historical context emphasizes the longstanding nature of real estate development and the evolution of property rights and development practices. Jaiveer Singh Virk VS Sobha Singh & Sons Pvt. Ltd. - Delhi
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Legal Proceedings & Appellate Challenges - The appellant frequently challenges orders of consumer commissions and appellate tribunals, often seeking relief or remand for proper adjudication. The cases illustrate the appellate process's role in ensuring fair hearing and detailed examination of claims. Supertech Ltd. VS Subrat Sen - Allahabad
Analysis and Conclusion
The provided sources collectively depict the legal landscape surrounding a real estate appellant involved in multiple facets: revenue recognition, consumer disputes, unfair trade practices, and regulatory compliance. The main points highlight the importance of transparent dealings, adherence to statutory norms, and robust accounting practices. Courts emphasize consumer rights, fair trade, and statutory compliance, with the appellant often contesting adverse orders through appeals. The overarching insight is that real estate development is heavily regulated, requiring diligent adherence to legal, financial, and consumer protection standards to mitigate disputes and ensure sustainable operations.
References: - INDITAT00000007297 - 01200035652 - 01200034790 - 01200034753 - 01200034722 - 01200034663 - 01000008677 - 01100071189 - 01200034663 - 02500100458
Search Results for "M s J N Real Estate Appellant"
2025 Supreme(Online)(ITAT) 4958 • India - Income Tax Appellate Tribunal (Ahmedabad Bench)
Shri T.R. Senthil Kumar, J, Shri Narendra Prasad Sinha, ACJ
(A) Income Tax Act, 1961 - Section 143(3) - Revenue recognition in real estate - Appellant, a real estate developer, follows project ... (Paras 4.1 to 4.3) ... ... Facts of the case: ... The Appellant, a partnership firm in real estate, claimed zero ... ... ... Issues: The principal issue revolved around the appropriate method for revenue recognition for real estate developers and ... The appellant#....
• India - Consumer
S.M.KANTIKAR, DINESH SINGH
Consumer Protection Act, 1986—Section 21(a)(ii)—Real Estate-appellant did not provide firm date of possession and allotment cancelled—State ... ... Learned counsels for the appellant – builder co. and the respondent – complainant were heard. The material on record was perused. Specifically, the impugned Order dated 19.02.2016 of the State Commission and the application for condonation of delay were perused. ... State Commission, Punjab after the same was dispatched o....
• India - Consumer
AJIT BHARIHOKE
Consumer Protection Act, 1986 – Real Estate- appellant has not been able to give any explanation as to why he failed to file those ... It is further argued that no reasonable explanation has been given as to what prevented the applicant/appellant to file and prove ... He has contended that the complainant is pursuing his complaint for the last ten years, if the prayer of the appellant to place the ... The appellant has not been able to give any explanation as to why he failed to file t....
• India - Consumer
P.RAMAKRISHNAM RAJU, MAMATA LAKSHMANNA
Unfair Trade Practice - Real Estate Scheme - The appellant started a real estate business under a bogus scheme, collecting deposits ... The court found the appellant solely liable to refund the amounts collected on behalf of the real estate business. ... real estate business. ... The case of the complainants is that the appellant who is common in all the appeals started real #HL_....
• India - Consumer
PREM NARAIN
Consumer Protection Act, 1986 – Section 12(1)(b) - Real Estate - Appellant filed a complaint against the respondents that the members ... of the appellant Association had entered into individual agreements with the builder, opposite party No.1 for purchase of the flats ... Thus, the State Commission’s order is a non-speaking order and no reasons have been assigned for the final finding. ... ORDER ... Prem Narain, Presiding Member—This appeal has been filed by the appellant M/s. ... Br....
• India - Consumer
B.C.GUPTA, S.M.KANTIKAR
Consumer Protection Act, 1986 - Section 19, 21(a)(ii)- Real Estate- Appellant/complainant filed the consumer, stating that she booked ... ... Held: The version given by the appellant/complainant that she had ... Commission is set aside and the matter is remitted back to the State Commission for deciding the consumer complaint on merits after ... Being aggrieved against the order of the State Commission, the appellant/complainant is before this Commission by way of th....
2019 0 Supreme(Chh) 845 • India - Chhattisgarh
P.R.RAMACHANDRA MENON, PARTH PRATEEM SAHU
301 – Real Estate - Petitioner/appellant is a proprietary concern engaged in the business of developing land and constructing building ... Real Estate (Regulation and Development) Act 2016 - Section 2 (n) - Municipal Corporation Act, 1956 - Section ... constructed a residential building - This residential project was launched - Appellant applied before the competent authority for ... Section 2 (q) provides for definition of 'completion certificate' and Section 2 (zn) defines '#HL_START....
2021 0 Supreme(Del) 1719 • India - Delhi
MANMOHAN, SANJEEV NARULA
In 1945, Sir Sobha Singh incorporated a family-owned private company, Respondent No. 1, engaged in real estate activities. ... The Appellant claimed a right to preferential allotment of a flat based on a Board Resolution dated 21st July 1990. ... Respondent No. 1 is engaged in real estate activities such as buying, selling and renting of properties, and has, inter alia, built Sujan Singh Park as Delhi s first housing complex, consisting of 84 residential flats. The land thereunder is also leased in the ....
• India - Consumer
D.K.JAIN, M.SHREESHA
Consumer Protection Act, 1986—Sections 19, 21(a)(ii)—Real Estate—Appellant challenges orders of State Commission where it was held ... We also find that the Authorized Signatory of the Appellant, namely, Ms. ... that the appellant had been deficient in discharging service—Appellants had allegedly breached the contract by not delivering the ... It has been facing issues related to manpower, finances, and operations in addition to the major downward trend in the #HL_ST....
2018 0 Supreme(All) 1998 • India - Allahabad
PANKAJ MITHAL
The appellant, a real estate promoter, filed an appeal under Section 58 of the Real Estate (Regulation and Development) Act, ... 2016 (R.E.R.A.) against the order of the Real Estate Appellate Tribunal. ... Court Fees Act - Real Estate Regulation and Development Act, 2016 - Section 5 - Reference - Summary Fact of the Case:3. ... The appellant is a real estate promoter that has la....
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