The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has recently held that the provisions of section 50C of the Income Tax Act, 1961 would not be applicable where the assessee executed a Sale Deed through

The Income Tax Appellate Tribunal ( ITAT ), Delhi bench has held that the reference of the matter by the Assessing Officer to DVO for valuation of the property is not mandatory under section 50C

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of Section 50C of the Income Tax Act, 1961 cannot be applied when the property in question was sold under

In Anuj Kumar Goswami vs ITO, the Agra Bench of Income Tax Appellate Tribunal ( ITAT ) held that Departmental Valuation Officer(DVO)’s valuation takes precedence over Stamp Valuation Authority’s valuation for determination of full value

The Income Tax Appellate Tribunal  ( ITAT ), Delhi has held that the provisions of section 50C of the Income Tax Act, 1961 can be invoked in the year in which the sale had taken

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the sale consideration enhanced by invoking section 50C of the Income Tax Act, 1961 cannot be extended to computation under

This Round-Up analytically summarizes the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during September 30 to October 06, 2023. Value of Property assessed by SVA on date of Agreement

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that leasehold right in land or building or both is transferred, and provisions of Section 50C cannot be invoked. The appellant, Bharat

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the Centralized Processing Centre (CPC) cannot make an addition under Section 50C of the Income Tax Act, 1961 without giving a proper opportunity

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the provisions of section 50C of the Income Tax Act, 1961 mandating application of fair market value of the property

In a significant ruling, the Mumbai bench of the ITAT held that Section 50C of the Income Tax Act which provides for special provisions for determining full value of consideration is applies to Depreciable assets

This Round-Up analytically summarizes the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan. from October 7 to October 14, 2023 Receipts from providing Satellite Telecommunication Services  to Indian customers are

The Ahmedabad bench of the ITAT has held that Section 50C of the Income Tax Act, 1961 cannot be invoked in case of brokerage costs incurred on the sale consideration by the purchaser. The assessee,

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the deeming provisions under section 50C of the Income Tax Act, 1961 cannot be invoked when the land is treated as stock in

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that Section 50C of the Income Tax Act is not applicable to the transfer of property which is held as “stock-in-trade”. The