![Capital gain is to be taxed from the year JDA entered: ITAT confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-gain-is-to-be-taxed-from-the-year-JDA-entered-ITAT-confirms-Addition-TAXSCAN.jpg "Capital gain is to be taxed from the year JDA entered: ITAT confirms Income Tax Addition [Read Order]")
Capital gain is to be taxed from the year JDA entered: ITAT confirms Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore has confirmed the addition of CIT(A) and held that capital gain is to be taxed from the year in...
![Utilization of Capital Gain within one year from taking possession of New Flat: ITAT allows Deduction u/s 54 and 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Utilization-of-Capital-Gain-capital-gain-Flat-ITAT-Deduction-income-tax-taxscan.jpg "Utilization of Capital Gain within one year from taking possession of New Flat: ITAT allows Deduction u/s 54 and 54F [Read Order]")
![No Taxable Capital Gain from JDA: ITAT quashes revision order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/capital-gain-JDA-ITAT-revision-order-taxscan.jpg "No Taxable Capital Gain from JDA: ITAT quashes revision order [Read Order]")
![Capital Gain out of Sale Proceeds declared under IDS Scheme: ITAT deletes S. 68 Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Capital-Gain-out-of-Sale-Proceeds-IDS-Scheme-ITAT-S.-68-Addition.jpg "Capital Gain out of Sale Proceeds declared under IDS Scheme: ITAT deletes S. 68 Addition [Read Order]")
![Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/relevant-Evidence-ITAT-Capital-Gain-Disallowing-TAXSCAN.jpeg "Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]")
![Additions already made by AO on Capital Gain: ITAT quashes Order u/s 263 by PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/AO-Capital-Gain-ITAT-PCIT-taxscan.jpg "Additions already made by AO on Capital Gain: ITAT quashes Order u/s 263 by PCIT [Read Order]")
Penalty u/s 271(1)(c) not leviable when Revised computation filed to correct the Bonafide Mistake committedin furnishing inaccurate amount of Capital Gain: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that Penalty u/s 271(1)(c) was not leviable when the Revised computation was filed to correct the Bonafide Mistake committed...
ITAT directs to Compute Capital gain and Exemption u/s 54 F based on Details of Expenses incurred on Construction of House [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) directed to Compute Capital gain and Exemption u/s 54 F based on Details of expenses incurred on the construction of house. Shri...
![ITAT directs to Compute Capital gain and Exemption u/s 54 F based on Details of Expenses incurred on Construction of House [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Compute-Capital-gain-Exemption-Expenses-TAXSCAN.jpg "ITAT directs to Compute Capital gain and Exemption u/s 54 F based on Details of Expenses incurred on Construction of House [Read Order]")
Assessee Alone can't be Taxed when Land belongs to many Co-owners: ITAT deletes Addition of Capital Gain on Land Acquisition [Read Order]
The Income Tax Appellate Tribunal(ITAT), Chennai Bench, has recently while deciding an appeal filed before it, held that an assessee alone cannot be taxed, when the land belongs to many co-owners. ...
![Assessee Alone cant be Taxed when Land belongs to many Co-owners: ITAT deletes Addition of Capital Gain on Land Acquisition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Land-Co-owners-ITAT-Capital-Gain-Land-Acquisition-ITAT-taxscan.jpg "Assessee Alone cant be Taxed when Land belongs to many Co-owners: ITAT deletes Addition of Capital Gain on Land Acquisition [Read Order]")
![Capital Gain from Sale of Immovable Property below Taxable Limit: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Immovable-Property-Taxable-Limit-ITAT-Penalty-taxscan.jpg "Capital Gain from Sale of Immovable Property below Taxable Limit: ITAT deletes Penalty [Read Order]")
Disclose Correct TDS and Salary while filing Income Tax Return If TDS Greater than Salary: Dept Issues FAQ for Filing ITR
The Income tax department has uploaded a set of Frequently Asked Questions (FAQs) to tackle the issues while filing of income tax returns, wherein it was asked the taxpayers to disclose correct...
Execution of Registered Sale Deed is a Valid 'Transfer': Telangana HC upholds Income Tax Addition [Read Order]
A division bench of the Telangana High Court has held that the execution of a registered sale deed shall be treated as a valid “transfer” within the meaning of Section 2(47)(V) of the Income Tax Act,...
![Execution of Registered Sale Deed is a Valid Transfer: Telangana HC upholds Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Registered-Sale-Deed-Telangana-high-court-taxscan.jpeg "Execution of Registered Sale Deed is a Valid Transfer: Telangana HC upholds Income Tax Addition [Read Order]")