![Income Tax Dept. cannot Deny STCL Set-off against LTCG after accepting Same Claim in Factually-Identical Connected Cases: Bombay HC [Read Judgment]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112727-income-tax-dept-cannot-deny-stcl-set-off-against-ltcg-accepting-same-claim-factually-identical-connected-cases-bombay-hc-taxscan.webp "Income Tax Dept. cannot Deny STCL Set-off against LTCG after accepting Same Claim in Factually-Identical Connected Cases: Bombay HC [Read Judgment]")
Income Tax Dept. cannot Deny STCL Set-off against LTCG after accepting Same Claim in Factually-Identical Connected Cases: Bombay HC [Read Judgment]
The Bombay HighCourt has held that the Income Tax Department cannot deny the set-off of short-term capital loss (STCL) against long-term capital...
![Shares Held for 33 Months, Sold on Recognized Exchange, and STT Duly Paid: ITAT Rejects Revenue’s Allegation of Bogus LTCG u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085493-itat-ltcg-shares.webp "Shares Held for 33 Months, Sold on Recognized Exchange, and STT Duly Paid: ITAT Rejects Revenue’s Allegation of Bogus LTCG u/s 68 [Read Order]")
![Genuineness of Penny Stocks Share Sale: ITAT Upholds ₹21.72 Lakh Addition as Sham Transaction [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/250x150_2078941-genuineness-penny-stocks-share-sale-itat-taxscan.webp "Genuineness of Penny Stocks Share Sale: ITAT Upholds ₹21.72 Lakh Addition as Sham Transaction [Read Order]")
![‘Makaan in registered deed was not a residential house’: Delhi HC upholds ITATs Interpretation of Residential House for S. 54F Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-High-Court-ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Act-Makaan-Tax-cases-TAXSCAN.jpg "‘Makaan in registered deed was not a residential house’: Delhi HC upholds ITATs Interpretation of Residential House for S. 54F Exemption [Read Order]")
![ITAT Remands Case for De Novo Assessment due to Non-Compliance and Dispute Over Sale Consideration u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT Remands Case for De Novo Assessment due to Non-Compliance and Dispute Over Sale Consideration u/s 69A of Income Tax Act [Read Order]")
Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that capital gain arising out of transfer of shares of an Indian entity cannot be taxed at hands of foreign entity in India...
![Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-mumbai-Income-Tax-Appellate-Tribunal-ITAT-Capital-Gain-Indian-entity-Foreign-Entity-out-of-Transfer-ITAT-NEWS-TAXSCAN.jpg "Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]")
Acceptance of Purchase and Sale Documents: ITAT deletes Addition of Income from Property Transaction u/s 69A by AO [Read Order]
The New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition made by the assessing officer under section 69A of the Income Tax Act, 1961. The decision followed as the AO...
![Acceptance of Purchase and Sale Documents: ITAT deletes Addition of Income from Property Transaction u/s 69A by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Income-Tax-Act-Purchase-and-Sale-Documents-by-ITAT-TAXSCAN.jpg "Acceptance of Purchase and Sale Documents: ITAT deletes Addition of Income from Property Transaction u/s 69A by AO [Read Order]")
Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCIT's Order u/s 263 of Income Tax Act [Read Order]
Recently, Income Tax Appellate Tribunal ( ITAT ) of Ahmedabad directed for reassessment of an Assessee’s case, noting that there were inaccuracies in reporting share transactions in the relevant...
![Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCITs Order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-Ahmedabad-PCIT-Order-TAXSCAN.jpeg "Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCITs Order u/s 263 of Income Tax Act [Read Order]")
Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] decision regarding determining capital gains. The tribunal confirmed the...
![Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-ITAT-Upholds-Capital-Gain-Income-Tax-Appellate-Tribunal-Date-of-Sale-CITA-Decision-Commissioner-of-Income-Tax-Appeals-taxscan.webp "Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]")
Title Defects u/s 50C(2) of Income Tax Act: ITAT upholds CIT(A) Decision to Refer LTCG Valuation to DVO [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner Of Income Tax (Appeals)[CIT(A)]'s decision to refer Long Term Capital Gain ( LTCG ) valuation to the Departmental...
![Title Defects u/s 50C(2) of Income Tax Act: ITAT upholds CIT(A) Decision to Refer LTCG Valuation to DVO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/income-Tax-Income-Tax-Act-LTCG-Capital-Gain-DVO-TAXSCAN.webp "Title Defects u/s 50C(2) of Income Tax Act: ITAT upholds CIT(A) Decision to Refer LTCG Valuation to DVO [Read Order]")
![Lack of Adverse observations by AO: ITAT allows long-term Capital Gain Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Itat-ao-assessing-officer-ltcg-long-term-capital-gain-exemption-ltcg-exemption-itat-allows-ltcg-exemption-itat-on-ltcg-exemption-Adverse-observations-tax-news-ltcg-news-taxscan.jpg "Lack of Adverse observations by AO: ITAT allows long-term Capital Gain Exemption [Read Order]")
Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]
Recently, the Income Tax Appellate Tribunal ( ITAT) of Jaipur ruled in a case that involved the issuance of notice under Section 148 of the Income Tax Act 1961 (ITA) to a dead individual. ...
![Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Act-ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-148-of-the-Income-Tax-Section-148-taxscan.jpeg "Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]")