![Waiver of Principal Loan Amount in Cash cannot be treated as Business Perquisite: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Principal-Loan-Amount-Cash-Business-Perquisite-ITAT-Taxscan.jpg "Waiver of Principal Loan Amount in Cash cannot be treated as Business Perquisite: ITAT [Read Order]")
Waiver of Principal Loan Amount in Cash cannot be treated as Business Perquisite: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the waiver of principal loan amount in cash cannot be treated as business...
![Sale of Agricultural Land does not amount to Capital Gain: ITAT allows Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Sale-of-agricultural-land-capital-gain-exemption-ITAT-Taxscan.jpg "Sale of Agricultural Land does not amount to Capital Gain: ITAT allows Tax Exemption [Read Order]")
![Benefit not derived on Compulsory Afforestation done over Land not owned by Assessee: ITAT upholds deletion of Addition made on NPV [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/afforestation-land-assessee-ITAT-NPV-Taxscan.jpeg "Benefit not derived on Compulsory Afforestation done over Land not owned by Assessee: ITAT upholds deletion of Addition made on NPV [Read Order]")
![Depreciation allowable on Toll Collection Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Depreciation-Toll-Collection-Rights-ITAT-Taxscan.jpg "Depreciation allowable on Toll Collection Rights: ITAT [Read Order]")
![Leasehold Right in Land or Building or both is Transferred, Provisions of Section 50C cannot be Invoked: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Leasehold-Right-Land-Building-Section-50C-ITAT-Taxscan.jpg "Leasehold Right in Land or Building or both is Transferred, Provisions of Section 50C cannot be Invoked: ITAT [Read Order]")
Profit from Sale of Agricultural Land, not a 'Capital Asset', cannot be included while computing Book Profit: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Lucknow bench consisting of A. D. Jain, Vice President and T. S. Kapoor, accountant member held that profit from sale of agricultural land, not a 'capital...
![Profit from Sale of Agricultural Land, not a Capital Asset, cannot be included while computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Profit-sale-of-agricultural-land-capital-asset-computing-book-profit-ITAT-Taxscan.jpg "Profit from Sale of Agricultural Land, not a Capital Asset, cannot be included while computing Book Profit: ITAT [Read Order]")
Right to Receive Builtup Area under JDA; ITAT directs AO to Examine Entire Gain has to be considered as Long-Term Capital Gain [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) with respect to the right to receive built-up area under the Join Development Agreement has directed Assessing Officer to examine the...
![Right to Receive Builtup Area under JDA; ITAT directs AO to Examine Entire Gain has to be considered as Long-Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/JDA-ITAT-AO-Long-Term-Capital-Gain-Taxscan.jpg "Right to Receive Builtup Area under JDA; ITAT directs AO to Examine Entire Gain has to be considered as Long-Term Capital Gain [Read Order]")
A Right acquired through Share Warrants amount to Capital Asset for Income Tax purposes: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that a right acquired through share warrants is a valuable right, can be treated as a capital asset for the purpose of the...
![A Right acquired through Share Warrants amount to Capital Asset for Income Tax purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/A-Right-acquired-share-warrants-Capital-Asset-Income-Tax-purposes-ITAT-Taxscan.jpg "A Right acquired through Share Warrants amount to Capital Asset for Income Tax purposes: ITAT [Read Order]")
Capital Gains arising on Sale of Rural Agricultural Land outside the purview of Income Tax: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the capital gains arising on sale of rural agricultural land outside the purview of Income Tax. The assessee, Ms. Janki...
![Capital Gains arising on Sale of Rural Agricultural Land outside the purview of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Capital-gains-sale-Rural-agricultural-land-Income-tax-ITAT-Taxscan.jpg "Capital Gains arising on Sale of Rural Agricultural Land outside the purview of Income Tax: ITAT [Read Order]")
Capital Gains arising on Sale of Agricultural Land which is not a Capital Asset shall not be chargeable to Income Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that the Capital gains arising on sale of agricultural land which is not a capital asset shall not be chargeable to Income tax. The...
![Capital Gains arising on Sale of Agricultural Land which is not a Capital Asset shall not be chargeable to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Capital-gains-sale-of-agricultural-land-capital-asset-Income-tax-ITAT-Taxscan.jpg "Capital Gains arising on Sale of Agricultural Land which is not a Capital Asset shall not be chargeable to Income Tax: ITAT [Read Order]")
Income Tax: CBDT notifies Form No. 5C on Details of Amount attributed to Capital Asset remaining with Specified Entity
The Central Board of Direct Taxes ( CBDT ) on Friday notified the Form No. 5C regarding details of the amount attributed to capital assets remaining with the specified entity. The Board has...
