![Taxpayer Merely Confirming Party to Property Sale Deed, Revenue Fails to Prove Ownership: ITAT Deletes Capital Gain Addition [Read Order]](https://images.taxscan.in/h-upload/2026/06/27/2141540-itat-holds-taxpayer-not-owner-and-deletes-capital-gain-addition-by-taxscan.webp "Taxpayer Merely Confirming Party to Property Sale Deed, Revenue Fails to Prove Ownership: ITAT Deletes Capital Gain Addition [Read Order]")
Taxpayer Merely Confirming Party to Property Sale Deed, Revenue Fails to Prove Ownership: ITAT Deletes Capital Gain Addition [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) deleted a capital gain addition made in the hands of a taxpayer who was shown only...
![Lack of Agricultural Income Does Not Alter Agricultural Character of Land: ITAT Deletes Income Addition, Holds Land not Capital Asset [Read Order]](https://images.taxscan.in/h-upload/2026/06/08/2139571-itat-mumbai-capital-gain-taxscan.webp "Lack of Agricultural Income Does Not Alter Agricultural Character of Land: ITAT Deletes Income Addition, Holds Land not Capital Asset [Read Order]")
![Non-Realization of Part of Sale Consideration cannot defer Chargeability of Capital Gains to Tax: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/06/04/2139150-non-realization-part-of-sale-consideration-cannot-defer-chargeability-of-capital-gains-tax-itat-taxscan.webp "Non-Realization of Part of Sale Consideration cannot defer Chargeability of Capital Gains to Tax: ITAT [Read Order]")
![Capital Gains Addition in Reassessment Cannot Be Upheld Where Sale Transactions Are Under Dispute: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/24/2137995-capital-gains-addition-reassessment-sale-transactions-dispute-itat-taxscan.webp "Capital Gains Addition in Reassessment Cannot Be Upheld Where Sale Transactions Are Under Dispute: ITAT [Read Order]")
Capital Gain on Co‑Owned Agricultural Land Not Offered: ITAT Quashes ₹18.41 Lakh Penalty u/s 271(1)(c): ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Surat Bench, set aside a penalty of ₹18.41 lakh imposed under Section 271(1)(c) of the Income Tax Act, 1961, after finding that the...
![Capital Gain on Co‑Owned Agricultural Land Not Offered: ITAT Quashes ₹18.41 Lakh Penalty u/s 271(1)(c): ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/04/20/2133825-itat-surat-capital-gain-coowned-agricultural-land-taxscan.webp "Capital Gain on Co‑Owned Agricultural Land Not Offered: ITAT Quashes ₹18.41 Lakh Penalty u/s 271(1)(c): ITAT [Read Order]")
S. 54 Exemption cannot Be Denied Solely for Delay in Property Registration when Capital Gains are Timely Reinvested: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that relief under Section 54 of the Income Tax Act cannot be denied solely due to delay in registration of the new residential...
![S. 54 Exemption cannot Be Denied Solely for Delay in Property Registration when Capital Gains are Timely Reinvested: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113849-exemption-denied-solely-delay-property-registration-capital-gains-timely-reinvested-itat-taxscan.webp "S. 54 Exemption cannot Be Denied Solely for Delay in Property Registration when Capital Gains are Timely Reinvested: ITAT [Read Order]")
![Govt brings Major Amendments to Capital Gain Accounts Scheme: Know Complete details [Read Notification]](https://images.taxscan.in/h-upload/2025/11/20/2106831-govt-brings-major-amendments-capital-gain-accounts-scheme-txn.webp "Govt brings Major Amendments to Capital Gain Accounts Scheme: Know Complete details [Read Notification]")
NRI Property Sale: Decoding Capital Gains, TDS Obligations under IT Act, and Repatriation Compliance under FEMA
The sale of immovable property in India by a Non-Resident Indian (NRI) triggers a cascade of tax and regulatory compliance requirements, necessitating a careful understanding of the Income Tax Act, ...
How Much Gold and Silver Can You Keep at Home in India without Paying Tax or Getting Income Tax Notice
Gold and silver hold a special place in Indian households. For many families, jewellery and coins are not just ornaments or investments; they represent culture, emotion, and financial security but...
Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) remitted a matter relating to the disallowance of Rs. 49.31 lakh depreciation under Section 32 on an apartment under passive use for...
![Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/2096632-disallowance-of-depreciation-on-apartment-depreciation-on-apartment-taxscan.webp "Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]")
POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) has clarified that execution of a Power of Attorney (POA) does not, by itself, constitute a “transfer” of immovable property within...
![POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/2094529-capital-gain-taxscan.webp "POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]")