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Capital Gains

Only Final Stamp Valuation Determined by Collector Applies u/s 50C: ITAT allows Full Section 54F Exemption [Read Order]

In a recent ruling, Income Tax Appellate Tribunal (ITAT), Raipur, held that only the final stamp valuation fixed by the Collector applies under...

Agricultural Land is at 2.75 Km from Municipal Limit as per Google Map: ITAT quashes Capital Gain...

ITAT upholds Taxability of Capital Gains on Sale of Flipkart Shares by Ex-Flipkart COO, Denies DTAA...

Budget 2026: Buybacks to Be Taxed as Capital Gains; Higher Tax for Promoters

No Capital Gain Tax in JDA Execution Year without Consideration & with Limited Possession: ITAT...

Asset Holding Pattern Decides Taxability of Land Sale Profit as Capital Gain or Business Income: Madras HC [Read Order]

The Madras High Court has held that the nature of profit earned from sale of land whether taxable as “Capital Gains” or “Business Income”, depends on the assessee’s asset holding pattern,...

Housing Society Not Liable to pay Income Tax if Members Paid Capital Gain: ITAT Remands for verification [Read Order]

The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) ruled that the housing society was not liable if members had already paid capital gains and remanded the matter back to the Assessing ...

ITAT Upholds Capital Gains on Transfer of Development Rights under JDA: Remands to AO to Allow Indexed Cost of Acquisition [Read Order]

The Patna Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal, upholding the capital gains assessed on the transfer of development rights under a Joint Development Agreement (JDA),...

Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]

The principle that capital gains taxation must be based strictly on the real consideration received, said the Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) while quashing two...

Income Tax Refund Delay in 2025? Know the Real Reasons Here

If you filed your return on time this year and your refund still has not arrived by November 2025, you are not alone. Many taxpayers are seeing “Processed” on the portal while the money is missing...

Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Goldman Sachs (Singapore) Pte., allowing the carry forward of short-term capital losses (STCL) incurred in AY...

Reassessment Cannot Survive Once Recorded Reasons Fail: Delhi HC [Read Order]

The bench of the Delhi High Court held that reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, cannot be sustained once the very reasons recorded for reopening are...