The Jaipur bench of Income Tax Appellate Tribunal (ITAT) has held that the amount paid for the discharge of mortgage interest has to be considered as the cost of acquisition for the purpose of determining

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

While allowing the appeal of Doddapaneni Atchaiah, Hyderabad bench of Income Tax Appellate Tribunal (ITAT) ruled that the expenses incurred for cancellation and re-registration of the property should be considered as a part of the

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that advance amount forfeited on cancellation of sale agreement, is deductible from the cost of acquisition. The aforesaid

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed to consider valuation report for giving the benefit of cost of acquisition in construction of roof rights in property. The assessee Manoj Mediratta's case

The Jaipur bench of Income Tax Appellate Tribunal (ITAT) imposed the penalty of Rs 2000 on assessee because of the negligent attitude during the income tax proceedings. The brief facts of the case is that

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54F is allowable on the amount spent on interiors, renovation, furnishing etc. The assessee claimed the

In Gayatri Maheswari v. ITO, the division bench of the ITAT held that the interest paid to the bank for acquiring capital assets would be eligible as part of the cost of acquisition and therefore,

The Delhi High Court directed to seek statutory remedy on the allegation that the sale consideration of agricultural land was assessed to tax without adjusting the cost of acquisition. Om Parkash, the petitioner filed the

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, on the assessee’s failure to substantiate enhanced cost of acquisition with cogent evidence, upheld the disallowance of excess cost.

In ACIT v. Mrs. Sheela Chopra, the Kolkata bench of the ITAT ruled that the amount of interest paid on loan taken for purchasing the property is an expenditure under section 48 of the Income Tax

In a significant ruling, a division bench of the Delhi High Court upheld the order of the ITAT that the value of land as declared and assessed under Section 7(4) of the Wealth Tax Act

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) observed that Cost of acquisition of capital assets under section 48(ii) of Income Tax Act 1961, should be the actual cost of acquisition of agricultural

The Karnataka High Court quashed the order of the ITAT as it did not consider the reasoning that while computing capital gains the benefit of indexed cost of acquisition is to be considered for the

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has disallowed the indexed cost of acquisition and improvement on failure to produce conveyance deed. The assessee, Padmanabhan Mohan, was an NRI. He filed his return