![Ownership of Property in Individual Capacity of Partners Cannot Be Considered For LTCG To Their Partnership Firm: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055949-ltcg-taxscan.webp "Ownership of Property in Individual Capacity of Partners Cannot Be Considered For LTCG To Their Partnership Firm: ITAT [Read Order]")
Ownership of Property in Individual Capacity of Partners Cannot Be Considered For LTCG To Their Partnership Firm: ITAT [Read Order]
The Nagpur Bench of Income Tax Appellate Tribunal ( ITAT ) held that ownership of property in individual capacity of partners cannot be considered...
![Property Transfer u/s 2(47) Requires Buyer Possession and Consideration Receipt: ITAT Remands Matter for Document Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-ITAT-ITAT-Pune-Income-Tax-Appellate-Tribunal-Property-transfer-TAXSCAN.jpg "Property Transfer u/s 2(47) Requires Buyer Possession and Consideration Receipt: ITAT Remands Matter for Document Verification [Read Order]")
![No Penalty if Assessee Discloses Genuine LTCG Amount: ITAT Deletes Income Tax Penalty finding Reasonable Cause for S.269SS Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-Bangalore-ITAT-Bangalore-LTCG-LTCG-Amount-ITAT-Deletes-Income-Tax-Penalty-Commissioner-of-Income-Taxes-CIT-Taxscan.jpg "No Penalty if Assessee Discloses Genuine LTCG Amount: ITAT Deletes Income Tax Penalty finding Reasonable Cause for S.269SS Non-Compliance [Read Order]")
![Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Income-Tax-Appellate-Tribunal-Security-Deposit-Tax-TAXSCAN.jpg "Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]")
ITAT Reverses AO's Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) reversed the Assessing Officer's ( AO ) additions and upheld the legitimacy of long-term capital gains reported by an individual assessee,...
![ITAT Reverses AOs Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT Reverses AOs Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions [Read Order]")
![ITAT allows LTCG Exemption u/s 54 of Income Tax Act in spite of Filing Belated ITR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-ITAT-Ahmedabad-ITR-Filing-TAXSCAN.jpg "ITAT allows LTCG Exemption u/s 54 of Income Tax Act in spite of Filing Belated ITR [Read Order]")
S. 28(iv) of Income Tax cannot be invoked without Business Income from Investment Shares: ITAT rules in Favor of Hero Motocorp [Read Order]
Concerning the case of Hero Motocorp, the Income Tax of Appellate Tribunal ( ITAT ) observed the discounted shares were incorrectly taxed under Section 28(iv) of Income Tax Act, 1961 instead of being...
![S. 28(iv) of Income Tax cannot be invoked without Business Income from Investment Shares: ITAT rules in Favor of Hero Motocorp [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Hero-Motocorp-ITAT-Hero-Motocorp-income-tax-case-Hero-Motocorp-shares-Hero-Motocorp-LTCG-taxation-TAXSCAN.jpg "S. 28(iv) of Income Tax cannot be invoked without Business Income from Investment Shares: ITAT rules in Favor of Hero Motocorp [Read Order]")
Taxpayer provides Full Details pertaining to LTCG as Exempt u/s 10(38) of Income Tax Act: ITAT quashes Reopening Assessment [Read Order]
The two member bench of the Income Tax Appellate Tribunal( ITAT ) comprising G.S Pannu ( Vice President) and Anubhav Sharma ( Judicial member) Delhi, quashed the reopening assessment after the...
![Taxpayer provides Full Details pertaining to LTCG as Exempt u/s 10(38) of Income Tax Act: ITAT quashes Reopening Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Delhi-Long-Term-Capital-Gain-Income-Tax-ReAssessment-Reopening-Assessment-Capital-Gains-Taxscan.jpg "Taxpayer provides Full Details pertaining to LTCG as Exempt u/s 10(38) of Income Tax Act: ITAT quashes Reopening Assessment [Read Order]")
Capital Gains arising on Sale of Shares cannot be regarded as Sham Profit: ITAT deletes additions made u/s 69A of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ), while deleting the addition made under Section 69A of the Income Tax Act, 1961 held that capital gain arising on sale of shares could not be...
![Capital Gains arising on Sale of Shares cannot be regarded as Sham Profit: ITAT deletes additions made u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Income-Tax-ITAT-deletes-additions-Capital-Gains-Sale-of-shares-Capital-Gains-arising-on-sale-of-shares-Shares-TAXSCAN.jpg "Capital Gains arising on Sale of Shares cannot be regarded as Sham Profit: ITAT deletes additions made u/s 69A of Income Tax Act [Read Order]")