![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]")
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...
![Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Amount-invested-purchase-of-house-daughters-name-eligible-exemption-section-54F-ITAT-Taxscan.jpeg "Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F: ITAT [Read Order]")
Another Woman-friendly Judgment from Tax Tribunal: ITAT grants Exemption Amount invested in the purchase of residential housing in widowed Daughter’s name
The Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that amount invested in purchase of residential house in daughter’s name is eligible for exemption under section 54F of the Income Tax...
Acquisition of Capital Asset isn’t for extension of Existing Business: ITAT deletes disallowance of Interest [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while deleting the disallowance of interest held that the acquisition of the capital asset is not for the extension of an existing business. ...
![Acquisition of Capital Asset isn’t for extension of Existing Business: ITAT deletes disallowance of Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Acquisition-of-capital-asset-business-ITAT-disallowance-of-interest-Taxscan.jpg "Acquisition of Capital Asset isn’t for extension of Existing Business: ITAT deletes disallowance of Interest [Read Order]")
LTCG to be computed on the basis of Guidance Value of Property as on date of Sale Agreement, not on date of Sale Deed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the long term capital gains (LTCG) to be computed on the basis of guidance value of the property as on date of Sale Agreement, not...
![LTCG to be computed on the basis of Guidance Value of Property as on date of Sale Agreement, not on date of Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/LTCG-guidance-value-of-property-Sale-Agreement-Sale-Deed-ITAT-Taxscan.jpeg "LTCG to be computed on the basis of Guidance Value of Property as on date of Sale Agreement, not on date of Sale Deed: ITAT [Read Order]")
![No Tax on Compensation received for loss of Trees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/tree-Tax-Compensation-loss-of-Trees-ITAT-Taxscan.jpeg "No Tax on Compensation received for loss of Trees: ITAT [Read Order]")
Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act. As a part of corporate restructuring undertaken by...
![Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-Mumbai-Share-Application-Money-Capital-Asset-Income-Tax-Act-ITAT-Taxscan-1.jpg "Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act: ITAT [Read Order]")
Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the leasehold rights can not be computed as capital gains in respect of transactions in land or building under Section 50C of the...
![Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Leasehold-Rights-capital-gains-transactions-land-building-Section-50C-ITAT-Taxscan.jpg "Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]")
Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the usage of fund cannot be the reason to impose tax liability. The assessee filed his return of income for the assessment year...
![Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Tax-Liability-Usage-Fund-Income-impose-Tax-Liability-Capital-Asset-Other-Income-Taxscan.jpg "Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]")