The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 cannot be granted to the assessee merely on the basis of
The Pune bench of the ITAT has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 is not available if the sale consideration is used to purchase ‘office premises’.
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 is available to purchase of two flats by the
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 is available to multiple flats obtained by the assessee
TheChennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that capital gain exemption under section 54 of Income Tax Act 1961 should not be allowed in respect of two independent residential units. Section
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that an independent building with more than one residential unit within it shall be eligible for capital gain exemption under section 54F of
The Income Tax Appellate Tribunal ( ITAT ), Mumbai has held that the date of final occupation of the new residential property under consideration shall be taken as the date of acquisition of the same
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for capital gain exemption in respect of money given for the acquisition of the property either directly to
The Income Tax Appellate Tribunal ( ITAT ), Pune Bench, has recently in an appeal filed before it, held that construction of house if couldn’t be completed within 3 years, the capital gain exemption under
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the acquisition of the tenancy rights would not amount to purchase or construction of a new property and therefore, the capital gain
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that Capital gain exemption cannot be denied when investment made within due date of filing Income Tax Returns (ITR). The assessee, Munish Babaji Sawant
In this case of appeal, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), presided over by Judicial Member S.S. Viswanethra Ravi and the Accountant Member Dr. Dipak P. Ripote decided that the assessee
The Bangalore bench of the ITAT has held that the date of completion of construction of new property is irrelevant to allow exemption under section 54F of the Income Tax Act, 1961 and the same
While partly allowing the appeal filed by the assessee Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that interest paid on home loan is partly allowable since the assessee is not the absolute
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under Section 54 of the Income Tax Act, 1961 cannot be disallowed in a case where the assessee,
