Hello All This is regarding a property \\
Mr A took a house on lease from Mr B and after 4 yrs Mr B died. There was no family of Mr B so Mr A continued living there. After 2 yrs of death of Mr B, Mr A renovated the house which cost him approx INR 1,00,000. After 8 yrs of construction, Mr A sold the flat to Mr. C for only the amount of construction giving him entire house.
Thereafter Mr A purchased a flat for 1.25 lacs and continued to live there till even date.
What are the repurcussions and threats to Mr A ?
What are the liabilities that could arise for Mr A ?
Please revert as soon as possible.
Regards
Himanshu
cshimanshug@gmail.com