![Capital Gain Exemption u/s 54B cannot be claimed for Agricultural Land purchased in Wife’s Name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Capital-Gain-Exemption-Agricultural-Land-purchased-Wifes-Name-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54B cannot be claimed for Agricultural Land purchased in Wife’s Name: ITAT [Read Order]")
Capital Gain Exemption u/s 54B cannot be claimed for Agricultural Land purchased in Wife’s Name: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54B of the Income Tax Act, 1961...
![HUF eligible for Capital Gain Exemption for Property purchased in the Joint Name of Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/HUF-Capital-Gain-Exemption-Property-purchased-ITAT-taxscan-.jpeg "HUF eligible for Capital Gain Exemption for Property purchased in the Joint Name of Members: ITAT [Read Order]")
![Multiple Flats in Different Floors cannot be treated as Single Residential House for computing Capital Gain Exemption: ITAT grants Partial Relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Flats-Residential-House-Capital-Gain-Exemption-ITAT-Taxscan.jpg "Multiple Flats in Different Floors cannot be treated as Single Residential House for computing Capital Gain Exemption: ITAT grants Partial Relief [Read Order]")
![Capital Gain Exemption cannot be allowed as No Property Purchased/Constructed within stipulated period U/S 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Capital-Gain-Exemption-Property-Purchased-Constructed-stipulated-period-ITAT-taxscan.jpg "Capital Gain Exemption cannot be allowed as No Property Purchased/Constructed within stipulated period U/S 54F: ITAT [Read Order]")
![If Booking of Flat to be Constructed in future is treated as Transfer, Notional Value of the Same shall be allowable as Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Transfer-Notional-Value-Capital-Gain-Exemption-ITAT-taxscan.jpg "If Booking of Flat to be Constructed in future is treated as Transfer, Notional Value of the Same shall be allowable as Capital Gain Exemption: ITAT [Read Order]")
Capital Gain Exemption allowable on Amount spent on Interiors, Renovation, Furnishing: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54F is allowable on the amount spent on interiors, renovation, furnishing etc. ...
![Capital Gain Exemption allowable on Amount spent on Interiors, Renovation, Furnishing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Capital-Gain-Exemption-Amount-Interiors-Renovation-ITAT-taxscan.jpg "Capital Gain Exemption allowable on Amount spent on Interiors, Renovation, Furnishing: ITAT [Read Order]")
Wife eligible for Capital Gain Exemption If Money given for Acquisition of Property either directly to Builder or as Reimbursement to Husband [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for capital gain exemption in respect of money given for the acquisition of the property either...
![Wife eligible for Capital Gain Exemption If Money given for Acquisition of Property either directly to Builder or as Reimbursement to Husband [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Wife-Capital-Gain-Exemption-Money-Acquisition-of-Property-Reimbursement-Husband-Taxscan.jpg "Wife eligible for Capital Gain Exemption If Money given for Acquisition of Property either directly to Builder or as Reimbursement to Husband [Read Order]")
Completion of Construction irrelevant to Apply S. 54F: ITAT allows Capital Gain exemption since Sale Deed was Registered within Prescribed Time [Read Order]
The Bangalore bench of the ITAT has held that the date of completion of construction of new property is irrelevant to allow exemption under section 54F of the Income Tax Act, 1961 and the same is...
![Completion of Construction irrelevant to Apply S. 54F: ITAT allows Capital Gain exemption since Sale Deed was Registered within Prescribed Time [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Completion-Construction-irrelevant-ITAT-Capital-Gain-exemption-Sale-Deed-Registered-Prescribed-Time-Taxscan.jpeg "Completion of Construction irrelevant to Apply S. 54F: ITAT allows Capital Gain exemption since Sale Deed was Registered within Prescribed Time [Read Order]")
Capital Gain Exemption u/s 54F not available for Purchase of 'Office Premises': ITAT [Read Order]
The Pune bench of the ITAT has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 is not available if the sale consideration is used to purchase ‘office premises’. ...
![Capital Gain Exemption u/s 54F not available for Purchase of Office Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Capital-Gain-Exemption-54F-Purchase-of-Office-Premises-ITAT-Taxscan.jpeg "Capital Gain Exemption u/s 54F not available for Purchase of Office Premises: ITAT [Read Order]")
![Date of Possession shall be considered to allow Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Date-of-Possession-Capital-Gain-Exemption-capital-gain-Exemption-ITAT-Taxscan.jpg "Date of Possession shall be considered to allow Capital Gain Exemption: ITAT [Read Order]")
Newly Purchased Asset was found as Residential Property on Physical Inquiry: ITAT allows Capital Gain Exemption [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption shall be allowed since it was found on physical inquiry that the new asset purchased is a...
![Newly Purchased Asset was found as Residential Property on Physical Inquiry: ITAT allows Capital Gain Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Newly-Purchased-Asset-Residential-Property-Physical-Inquiry-ITAT-Capital-Gain-Exemption-Taxscan.jpeg "Newly Purchased Asset was found as Residential Property on Physical Inquiry: ITAT allows Capital Gain Exemption [Read Order]")
Capital Gain Exemption allowable for Purchase of Two Flats to be used as a Single Dwelling Unit: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 is available to purchase of two flats by the assessee...
![Capital Gain Exemption allowable for Purchase of Two Flats to be used as a Single Dwelling Unit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Capital-Gain-Exemption-Re-investment-Prescribed-Period-Taxscan.jpeg "Capital Gain Exemption allowable for Purchase of Two Flats to be used as a Single Dwelling Unit: ITAT [Read Order]")