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![CIT(A) Order Lacks Reasoning: ITAT Quashes ₹2.53 Cr LTCG Addition, Orders Fresh AO Assessment [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2065037-2055178-itat-long-term-capital-gains-ltcg-exemption-penny-stock-found-bougus-taxscan.webp "CIT(A) Order Lacks Reasoning: ITAT Quashes ₹2.53 Cr LTCG Addition, Orders Fresh AO Assessment [Read Order]")
CIT(A) Order Lacks Reasoning: ITAT Quashes ₹2.53 Cr LTCG Addition, Orders Fresh AO Assessment [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that the Commissioner of Income Tax (Appeals) [CIT(A)] erred in rejecting...
![Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Agricultural-Land-Capital-Asset-Income-Tax-Act-Income-Tax-Tax-Capital-Gain-ITAT-Taxscan.jpg "Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]")
![Income from Sale of Assets of ongoing concern is Taxable as ‘Capital Gain” from the hands of the partner after the Dissolution of the Firm: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Income from Sale of Assets of ongoing concern is Taxable as ‘Capital Gain” from the hands of the partner after the Dissolution of the Firm: SC [Read Judgment]")