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![Capital Gains earned by Blackstone not liable to Income Tax: Delhi HC quashes Proceedings and Order of Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gains-Blackstone-Income-Tax-Delhi-Highcourt-Proceedings-Order-of-Reassessment-taxscan.jpg "Capital Gains earned by Blackstone not liable to Income Tax: Delhi HC quashes Proceedings and Order of Reassessment [Read Order]")
Capital Gains earned by Blackstone not liable to Income Tax: Delhi HC quashes Proceedings and Order of Reassessment [Read Order]
The Delhi High Court has recently ruled in favour of Blackstone Capital Partners, that there is no capital gain earned by the petitioner liable to...
![Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Relinquishment-Land-Common-Utility-Purpose-Regulatory-Requirements-Taxable-Capital-Gain-Business-Income-ITAT-Taxscan.jpg "Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]")
![Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/LLP-Accumulated-Profits-Taxable-Capital-Gain-S47xiiibf-ITAT-TAXSCAN.jpg "Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]")
![Union Budget 2023: E-Gold Receipts Not to Attract Capital Gain [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/budget-2023-e-gold-receipts-capital-gain-budget-2023-live-union-budget-2023-nirmala-sitharaman-budget-nirmala-sitharaman-union-budget-nirmala-sitharaman-budget-2023-india-Taxscan.jpg "Union Budget 2023: E-Gold Receipts Not to Attract Capital Gain [Read Finance Bill]")
![Budget 2023: Income Tax Relief for Market Linked Debentures [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Market-Linked-Debentures-taxscan-budget-2023-budget-2023-live-union-budget-2023-nirmala-sitharaman-budget-nirmala-sitharaman-union-budget.jpg "Budget 2023: Income Tax Relief for Market Linked Debentures [Read Finance Bill]")
![Sale Proceeds of Agricultural Land Not Taxable as Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-Proceeds-of-Agricultural-Land-Sale-Proceeds-Agricultural-Land-Capital-Gain-ITAT-taxscan.jpg "Sale Proceeds of Agricultural Land Not Taxable as Capital Gain: ITAT [Read Order]")
Mere Claim of Interest of Housing Loan in ITR by Son of Assessee Would Not Absolve Capital Gain Tax Liability: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a mere claim of interest on a housing loan in an Income Tax Return (ITR) by the son of the assessee would not absolve...
![Mere Claim of Interest of Housing Loan in ITR by Son of Assessee Would Not Absolve Capital Gain Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Claim-Interest-of-Housing-Loan-Housing-Loan-Loan-ITR-Capital-Gain-Tax-Liability-Tax-Income-tax-taxscan.jpg "Mere Claim of Interest of Housing Loan in ITR by Son of Assessee Would Not Absolve Capital Gain Tax Liability: ITAT [Read Order]")
Allowing S. 54B Deduction without Verification of Claim amounts to “Erroneous Assessment”: ITAT upholds Revision Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) in a recent ruling has upheld the revision order observing that allowing deduction under section 54B without verification of...
![Allowing S. 54B Deduction without Verification of Claim amounts to “Erroneous Assessment”: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deduction-Verification-Claim-Erroneous-Assessment-ITAT-Revision-Order-TAXSCAN.jpg "Allowing S. 54B Deduction without Verification of Claim amounts to “Erroneous Assessment”: ITAT upholds Revision Order [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]")
![Assessment order Not Erroneous, Jurisdiction u/s 263 cant invoke: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Assessment-order-Erroneous-Jurisdiction-us-263-ITAT-Taxscan.jpg "Assessment order Not Erroneous, Jurisdiction u/s 263 cant invoke: ITAT [Read Order]")