![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 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...
![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]](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]](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]")
![Capital Gain cannot be Taxed from Owner of Property When Sale Consideration is already Taxed from PoA Holder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Capital-Gain-Owner-Property-Sale-Consideration-PoA-Holder-ITAT-taxscan.jpeg "Capital Gain cannot be Taxed from Owner of Property When Sale Consideration is already Taxed from PoA Holder: ITAT [Read Order]")
Capital Gain on Sale of ESOP offered to Tax as 'Perquisite' considering FMV: ITAT dismisses Appeal by Microsoft Veteran and Google Cloud India VP Anil Bhansali [Read Order]
In a major setback to the current Google Cloud India Vice President and former Microsoft employee, Mr. Anil Bhansali, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has dismissed an...
![Capital Gain on Sale of ESOP offered to Tax as Perquisite considering FMV: ITAT dismisses Appeal by Microsoft Veteran and Google Cloud India VP Anil Bhansali [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Capital-Gain-ESOP-FMV-ITAT-Microsoft-Veteran-Google-Cloud-India-VP-Anil-Bhansali-taxscan.jpeg "Capital Gain on Sale of ESOP offered to Tax as Perquisite considering FMV: ITAT dismisses Appeal by Microsoft Veteran and Google Cloud India VP Anil Bhansali [Read Order]")
Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai bench has held that cost of improvement and due indexation benefit on house property is deductible while computing capital gain. The appellant,...
![Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cost-House-Property-Capital-Gain-ITAT-taxscan.jpeg "Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]")
Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT), held that if AO failed to rightly compute capital gain on the sale of the land then the revisional jurisdiction of PCIT will sustain and...
![Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Jurisdiction-PCIT-AO-capital-gain-sale-of-land-ITAT-revisional-order-Taxscan.jpg "Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]")
Partition/Family Arrangement is not 'Capital Gain': ITAT deletes Addition towards Transfer of Shares as per Family Arrangement [Read Order]
While deleting an addition of capital gain on account of transfer of shares as family arrangement, the Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that a partition or family...
![Partition/Family Arrangement is not Capital Gain: ITAT deletes Addition towards Transfer of Shares as per Family Arrangement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Mumbai-Partition-Capital-Gain-ITAT-Family-Arrangement-taxscan.jpeg "Partition/Family Arrangement is not Capital Gain: ITAT deletes Addition towards Transfer of Shares as per Family Arrangement [Read Order]")
LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), has held that Long Term Capital Gain (LTCG) arises from the transfer of the share of a closely held company and is chargeable to tax at the...
![LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/LTCG-Transfer-of-Share-Company-Tax-ITAT-Taxscan.jpg "LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]")
![Sale of Agricultural Land does not amount to Capital Gain: ITAT allows Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Sale-of-agricultural-land-capital-gain-exemption-ITAT-Taxscan.jpg "Sale of Agricultural Land does not amount to Capital Gain: ITAT allows Tax Exemption [Read Order]")
Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]
Penalty cannot be levied for mere deletion of Capital Gain Exemption Claim under Section 54F of the Income Tax Act,1961 and so was held by Income Tax Appellate Tribunal (ITAT), Pune The appeal has...
![Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Capital-Gain-Claim-ITAT-taxscan.jpeg "Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]")