![Capital Gain cannot arise in respect of a Null and Void Transfer: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/void-transfer-land-Capital-gain-short-term-capital-ITAT-taxscan.jpg "Capital Gain cannot arise in respect of a Null and Void Transfer: ITAT deletes Addition [Read Order]")
Capital Gain cannot arise in respect of a Null and Void Transfer: ITAT deletes Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that a null and void transfer of land does not form capital gain and additional...
![Inaccurate particulars of Income must be Coupled with Circumstantial Evidence: ITAT sets aside penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/income-circumstantial-evidence-ITAT-penalty-taxscan.jpeg "Inaccurate particulars of Income must be Coupled with Circumstantial Evidence: ITAT sets aside penalty u/s 271(1)(c) [Read Order]")
![Limited Scrutiny can be changed to Regular Assessment with Approval of Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Limited-Scrutiny-assessment-competent-authority-ITAT-Taxscan.jpg "Limited Scrutiny can be changed to Regular Assessment with Approval of Competent Authority: ITAT [Read Order]")
![Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Sale-Trading-Business-Income-Assessee-Previous-Years-ITAT-Taxscan.jpeg "Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]")
![Capital Gain on account of Compulsory Acquisition of Land is not Taxable, exemption u/s 10(37) can claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Capital-gain-Acquisition-land-ITAT-taxscan.jpg "Capital Gain on account of Compulsory Acquisition of Land is not Taxable, exemption u/s 10(37) can claim: ITAT [Read Order]")
![Income from Agricultural Land can’t be added under Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-agricultural-land-Capital-Gain-ITAT-Taxscan.jpeg "Income from Agricultural Land can’t be added under Capital Gain: ITAT [Read Order]")
![Husband can claim Capital Gain Exemption for Investment made in the name of Wife: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Deduction-claim-Capital-Gain-Exemption-Investment-ITAT-taxscan.jpeg "Husband can claim Capital Gain Exemption for Investment made in the name of Wife: ITAT [Read Order]")
Undisclosed Sale Consideration of Property can only assessable as Capital Gain, not as 'Other Income': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the undisclosed sale consideration of the property can be subject to tax as “capital gain”under the provisions of section 48 of...
![Undisclosed Sale Consideration of Property can only assessable as Capital Gain, not as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Undisclosed-Sale-Consideration-Property-Capital-Gain-Other-Income-ITAT-Taxscan.jpeg "Undisclosed Sale Consideration of Property can only assessable as Capital Gain, not as Other Income: ITAT [Read Order]")
Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the Short Term Capital Loss on which STT was paid can be adjusted against the Short Term Capital Gain on which STT was not paid. ...
![Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Short-Term-Capital-Loss-Short-Term-Capital-Gain-STT-ITAT-Taxscan.jpg "Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]")
Capital Gain Exemption allowable on Bonafide Expenses Incurred for making New House Habitable prior to Possession: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 can be allowed on bonafide expenses incurred incurred for...
![Capital Gain Exemption allowable on Bonafide Expenses Incurred for making New House Habitable prior to Possession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/CapitalGain-Bonafide-Expenses-ITAT-Taxscan.jpg "Capital Gain Exemption allowable on Bonafide Expenses Incurred for making New House Habitable prior to Possession: ITAT [Read Order]")
No Handover of Property after Registration due to Non-receipt of Sale Consideration: ITAT orders for Investigation by Income Tax Dept [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ordered the income tax department to conduct an investigation on a matter where the property has been handed over inspite of the...
![No Handover of Property after Registration due to Non-receipt of Sale Consideration: ITAT orders for Investigation by Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Handover-of-Property-property-Registration-Non-receipt-Sale-Consideration-sale-ITAT-Investigation-income-tax-department-Taxscan.jpeg "No Handover of Property after Registration due to Non-receipt of Sale Consideration: ITAT orders for Investigation by Income Tax Dept [Read Order]")
Agricultural Land was not converted at the Time of Sale: ITAT deletes Capital Gain Addition [Read Order]
The ITAT Bangalore bench has held that since the agricultural land was not converted at the time of sale, the sale consideration shall not be included in the total income of the assessee to compute...
![Agricultural Land was not converted at the Time of Sale: ITAT deletes Capital Gain Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Agricultural-Land-Time-of-Sale-ITAT-sale-Capital-gain-Taxscan.jpg "Agricultural Land was not converted at the Time of Sale: ITAT deletes Capital Gain Addition [Read Order]")