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![ITAT Rules S.56(2)(x) Inapplicable to Property Transaction Due to Execution of Agreement Before 01 April 2017 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Rules-ITAT-Mumbai-ITAT-Rules-S.562x-Property-Transaction-Agreement-TAXSCAN.jpg "ITAT Rules S.56(2)(x) Inapplicable to Property Transaction Due to Execution of Agreement Before 01 April 2017 [Read Order]")
ITAT Rules S.56(2)(x) Inapplicable to Property Transaction Due to Execution of Agreement Before 01 April 2017 [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that the provisions of Section 56(2)(x) of the Income Tax Act, 1961, do not apply to a...
![Estimated Project Cost Calculated as per provision of Water and Air Act: ITAT upholds Deletion of Additional Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Project-Cost-Calculated-Water-Air-Act-ITAT-Deletion-Additional-Income-Taxscan.jpeg "Estimated Project Cost Calculated as per provision of Water and Air Act: ITAT upholds Deletion of Additional Income [Read Order]")
![Irrecoverable Advances given for Purchase of Land for Real Estate Development Business allowable either as Trading Loss or Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Real-Estate-Development-Business-allowable-Trading-Loss-Business-Expenditure-ITAT-taxscan.jpeg "Irrecoverable Advances given for Purchase of Land for Real Estate Development Business allowable either as Trading Loss or Business Expenditure: ITAT [Read Order]")
![Developer cannot claim Deduction on Expenses incurred on Land if Bills were generated after It’s Transfer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Deduction-land-Developer-Expenses-ITAT-Taxscan.jpg "Developer cannot claim Deduction on Expenses incurred on Land if Bills were generated after It’s Transfer: ITAT [Read Order]")