![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]")
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...
![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]")
![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]")
Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]
The addition of capital gain under section 68 as unexplained cash credit without incriminating material is not permissible, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held as...
![Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Unexplained-Cash-Credit-ITAT-taxscan.jpeg "Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]")
Addition u/s 69 towards Unexplained Investment not permissible in the absence of Corroborative Evidence: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)has held that addition under section 69 of the Income Tax Act,1961 towards unexplained investment is not permissible in the absence of...
![Addition u/s 69 towards Unexplained Investment not permissible in the absence of Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/unexplained-investment-corroborative-evidence-ITAT-TAXSCAN.jpg "Addition u/s 69 towards Unexplained Investment not permissible in the absence of Corroborative Evidence: ITAT [Read Order]")
Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that Capital gain arising from sale of land not receipts from business, thereby deleting penalty imposed under Section 271B of the Income Tax...
![Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Capital-gain-sale-of-land-business-ITAT-penalty-taxscan.jpg "Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]")
Capital Gain can't be Taxed when actual possession of Property is not Transferred as per the Agreement: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital gain can’t be taxed when actual possession of the property is not transferred as per the agreement The assessee,...
![Capital Gain cant be Taxed when actual possession of Property is not Transferred as per the Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Capital-gain-possession-of-the-property-agreement-ITAT-taxscan.jpg "Capital Gain cant be Taxed when actual possession of Property is not Transferred as per the Agreement: ITAT [Read Order]")
Original Cost and Period of Acquisition of Property by previous owner is relevant for Claim of Capital Gain: ITAT [Read Order]
Original cost and period of acquisition of property by previous owner is relevant for claim of capital gain, so was held by the Income Tax Appellate Tribunal (ITAT), New Delhi. The Assessee’s,...
![Original Cost and Period of Acquisition of Property by previous owner is relevant for Claim of Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/cost-acquisition-of-property-claim-capital-gain-ITAT-taxscan.jpeg "Original Cost and Period of Acquisition of Property by previous owner is relevant for Claim of Capital Gain: ITAT [Read Order]")
Capital Gain does not attract in case of permissive Possession in Immovable Property, not Taxable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench consisting of Beena Pillai, Judicial Member, and Laxmi Prasad Sahu, Accountant Member held that Capital Gain does not attract in case of...
![Capital Gain does not attract in case of permissive Possession in Immovable Property, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Capital-Gain-property-ITAT-taxscan.jpg "Capital Gain does not attract in case of permissive Possession in Immovable Property, not Taxable: ITAT [Read Order]")