![No Proof for Completion of Construction within 3 Years: ITAT denies Capital Gain Exemption Claim u/s 54F of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Completion-of-Construction-ITAT-Construction-Capital-Gain-Exemption-Claim-Income-Tax-taxscan.jpg "No Proof for Completion of Construction within 3 Years: ITAT denies Capital Gain Exemption Claim u/s 54F of IT Act [Read Order]")
No Proof for Completion of Construction within 3 Years: ITAT denies Capital Gain Exemption Claim u/s 54F of IT Act [Read Order]
The Bangalore Income Tax Appellate Tribunal (ITAT) has recently held that assessees could not claim capital gain exemption under section 54F of...
![Capital Gain Exemption u/s 54 Not Allowable in respect of Two Independent Residential Units: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Exemption-us-54-Not-Allowable-Two-Independent-Residential-Units-ITAT-Taxscan.jpg "Capital Gain Exemption u/s 54 Not Allowable in respect of Two Independent Residential Units: ITAT [Read Order]")
![Capital Gain Exemption u/s 54B can be claimed without filling of Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Exemption-Income-Tax-Return-ITAT-Income-Tax-Capital-Gain-taxscan-.jpg "Capital Gain Exemption u/s 54B can be claimed without filling of Income Tax Return: ITAT [Read Order]")
![Date of Possession of Flat is “Date of Actual Purchase” for the Purpose of Claiming Capital Gain Exemption u/s 54: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Possession-of-Flat-Actual-Purchase-Capital-Gain-Exemption-ITAT-taxscan.jpg "Date of Possession of Flat is “Date of Actual Purchase” for the Purpose of Claiming Capital Gain Exemption u/s 54: ITAT [Read Order]")
No “Purchase” If Sale Deed Executed in favor of Assessee to Claim Capital Gain exemption u/s 54/54F: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that no purchase can be said to be made, if sale deed is executed in favor of the assessee to...
![No “Purchase” If Sale Deed Executed in favor of Assessee to Claim Capital Gain exemption u/s 54/54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gain-exemption-ITAT-Income-Tax-Income-Tax-Act-Assessee-Purchase-Sale-Deed-taxscan.jpg "No “Purchase” If Sale Deed Executed in favor of Assessee to Claim Capital Gain exemption u/s 54/54F: ITAT [Read Order]")
Capital Gain Exemption u/s 54F cannot be Allowed for Sale and Purchase of Plots: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Hyderabad Bench, has recently, in an appeal filed before it, held that capital gain exemption under section 54F cannot be allowed for sale and purchase of...
![Capital Gain Exemption u/s 54F cannot be Allowed for Sale and Purchase of Plots: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gain-Exemption-Capital-Gain-Sale-and-Purchase-of-Plots-Sale-Purchase-Plots-ITAT-Income-Tax-Tax-Taxscan.jpg "Capital Gain Exemption u/s 54F cannot be Allowed for Sale and Purchase of Plots: ITAT [Read Order]")
Purchase of Flat out of Sale Proceeds of Gold Jewellery: ITAT Allows Capital Gain Exemption u/s 54F [Read Order]
The Mumbai Bench of Income Tax Appellate tribunal (ITAT) has allowed capital gain exemption under Section 54F of the Income Tax Act 1961, on finding that the purchase of flats was out of sale...
![Purchase of Flat out of Sale Proceeds of Gold Jewellery: ITAT Allows Capital Gain Exemption u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Sale-Proceeds-of-Gold-Jewellery-ITAT-Capital-Gain-Exemption-TAXSCAN.jpg "Purchase of Flat out of Sale Proceeds of Gold Jewellery: ITAT Allows Capital Gain Exemption u/s 54F [Read Order]")
Provision for Capital Gain Exemption u/s 54F are Beneficial Provision, Substantial Compliance would Entitle Assessee to Claim Full Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that the provision for capital gain exemption u/s 54F is the beneficial provision, and hence...
![Provision for Capital Gain Exemption u/s 54F are Beneficial Provision, Substantial Compliance would Entitle Assessee to Claim Full Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gain-Exemption-Beneficial-Provision-Substantial-Compliance-Assessee-Full-Deduction-Deduction-ITAT-Taxscan.jpg "Provision for Capital Gain Exemption u/s 54F are Beneficial Provision, Substantial Compliance would Entitle Assessee to Claim Full Deduction: ITAT [Read Order]")
Non-Registered Banakhat is Not A Valid Document for Property Transfer: ITAT disallows Capital Gain Exemption u/s 54F [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmadabad Bench, has recently, in an appeal filed before it, while disallowing capital gain exemption u/s 54 F, held that non- registered banakhat is not a...
![Non-Registered Banakhat is Not A Valid Document for Property Transfer: ITAT disallows Capital Gain Exemption u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Non-Registered-Banakhat-Property-Transfer-ITAT-Capital-Gain-Exemption-TAXSCAN.jpg "Non-Registered Banakhat is Not A Valid Document for Property Transfer: ITAT disallows Capital Gain Exemption u/s 54F [Read Order]")
![ITAT Allows 50% as Capital Gain Exemption u/s 54 to Joint Owner of Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Capital-Gain-Exemption-Joint-Owner-of-Property-Owner-of-Property-Property-Taxscan.jpg "ITAT Allows 50% as Capital Gain Exemption u/s 54 to Joint Owner of Property: ITAT [Read Order]")
Setback to Investment in Residential Houses: Union Budget 2023 Proposes Capital Gain Exemption Limit u/s 54 and 54F [Read Finance Bill]
In the Union Budget 2023, the Union Finance Minister Nirmala Sitharaman has proposed the exemption limit of the Capital Gain under section 54 and Section 54F of the Income Tax Act, 1961. According...
