![Capital Gain Exemption u/s 54B cannot be Denied if Agricultural Land was Purchased in Wife’s Name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-Gain-Exemption-u-s-54B-Agricultural-Land-Purchased-in-Wifes-Name-ITAT-Taxscan.jpg "Capital Gain Exemption u/s 54B cannot be Denied if Agricultural Land was Purchased in Wife’s Name: ITAT [Read Order]")
Capital Gain Exemption u/s 54B cannot be Denied if Agricultural Land was Purchased in Wife’s Name: ITAT [Read Order]
Delhi Bench of Income Tax Appellate Tribunal (ITAT) allowed the capital gain exemption under section 54B of Income Tax Act, 1961. The tribunal stated...
![ITAT directs to Allow Capital Gain Exemption Considering Date of Acquisition of Property as per Allotment Letter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Capital-Gain-Exemption-Acquisition-Property-Allotment-Letter-TAXSCAN.jpg "ITAT directs to Allow Capital Gain Exemption Considering Date of Acquisition of Property as per Allotment Letter [Read Order]")
![Capital Gain Exemption u/s 54 Allowable Even If Sale was Completed After Purchase of New Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-Gain-Exemption-Capital-Gain-Sale-Purchase-of-New-Property-ITAT-Income-Tax-taxscan.jpg "Capital Gain Exemption u/s 54 Allowable Even If Sale was Completed After Purchase of New Property: ITAT [Read Order]")
![Capital Gain Exemption cannot be Denied on Alterations to House as there is No Ceiling on Amount of Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-Gain-Exemption-Investment-ITAT-TAXSCAN.jpg "Capital Gain Exemption cannot be Denied on Alterations to House as there is No Ceiling on Amount of Investment: ITAT [Read Order]")
![Capital Gain Exemption u/s 54 Not Allowable in cases where Builder has not Started Construction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-Gain-Exemption-Builder-Construction-ITAT-TAXSCAN.jpg "Capital Gain Exemption u/s 54 Not Allowable in cases where Builder has not Started Construction: ITAT [Read Order]")
CBDT Extends Time Limit for Compliance to be Made for Claiming Capital Gain Exemption [Read Circular]
The Central Board of Direct Taxes ( "CBDT” ) has issued a circular extending the time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act,1961 in...
![CBDT Extends Time Limit for Compliance to be Made for Claiming Capital Gain Exemption [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-TAX-CBDT-Time-Limit-Capital-Gain-Exemption-Capital-Gain-taxscan.jpeg "CBDT Extends Time Limit for Compliance to be Made for Claiming Capital Gain Exemption [Read Circular]")
Capital Gain Exemption cannot be denied When Investment made within due date of filing ITR: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that Capital gain exemption cannot be denied when investment made within due date of filing Income Tax Returns (ITR). The...
![Capital Gain Exemption cannot be denied When Investment made within due date of filing ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-gain-exemption-investment-due-date-of-filing-ITR-ITAT-Taxscan.jpg "Capital Gain Exemption cannot be denied When Investment made within due date of filing ITR: ITAT [Read Order]")
![Capital Gain Exemption allowable only to the Extend of Cultivated Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gain-Exemption-Capital-Gain-Cultivated-Land-ITAT-Income-Tax-taxscan.jpg "Capital Gain Exemption allowable only to the Extend of Cultivated Land: ITAT [Read Order]")
ITAT allows Capital Gain Exemption on Purchase of New Residential Property upto date of filing of belated Income Tax Return [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), allowed capital gain exemption claim under Section 54 of the Income Tax Act on purchase of new residential property upto date of filing...
![ITAT allows Capital Gain Exemption on Purchase of New Residential Property upto date of filing of belated Income Tax Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ITAT-Capital-Gain-Exemption-New-Residential-Property-Income-Tax-Return-TAXSCAN.jpg "ITAT allows Capital Gain Exemption on Purchase of New Residential Property upto date of filing of belated Income Tax Return [Read Order]")
Once Exemption claimed on LTCG by Co-Owner has been accepted, then Capital Gain Exemption u/s 54 allowable for assessee: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that when exemption claimed on Long Term Capital Gain (LTCG) by a co-owner has been accepted, then Capital Gain Exemption...
![Once Exemption claimed on LTCG by Co-Owner has been accepted, then Capital Gain Exemption u/s 54 allowable for assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/claimed-LTCG-co-owner-Capital-Gain-Exemption-ITAT-taxscan.jpg "Once Exemption claimed on LTCG by Co-Owner has been accepted, then Capital Gain Exemption u/s 54 allowable for assessee: ITAT [Read Order]")
Construction of House couldn't be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Pune Bench, has recently in an appeal filed before it, held that construction of house if couldn’t be completed within 3 years, the capital gain exemption...
![Construction of House couldnt be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Construction-of-House-ITAT-Capital-Gain-Exemption-taxscan.jpg "Construction of House couldnt be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]")
![Capital Gain Exemption u/s 54 cannot be claimed for Multiple Flats: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Capital-Gain-Exemption-Multiple-Flats-ITAT-TAXSCAN.jpg "Capital Gain Exemption u/s 54 cannot be claimed for Multiple Flats: ITAT [Read Order]")