![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]")
Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income from share transactions shall be treated as business income under the...
![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]](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]")
Architect Fee paid in connection with Transfer of Development Rights allowable as Deduction: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the architect fee paid by the assessee in connection with the transfer of development rights are allowable as deduction...
![Architect Fee paid in connection with Transfer of Development Rights allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Architect-Fee-Transfer-of-Development-Rights-Deduction-ITAT-Taxscan.jpg "Architect Fee paid in connection with Transfer of Development Rights allowable as Deduction: ITAT [Read Order]")
Capital Gain Exemption u/s 54F not available for Purchase of 'Office Premises': ITAT [Read Order]
The Pune bench of the ITAT has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 is not available if the sale consideration is used to purchase ‘office premises’. ...
![Capital Gain Exemption u/s 54F not available for Purchase of Office Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Capital-Gain-Exemption-54F-Purchase-of-Office-Premises-ITAT-Taxscan.jpeg "Capital Gain Exemption u/s 54F not available for Purchase of Office Premises: ITAT [Read Order]")
Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal, Mumbai Bench has held that the amount spent on consumable items including sofa, tiles, etc., cannot be claimed as cost of improvement while calculating the amount...
![Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Amount-spent-Consumable-Items-Capital-Gain-Cost-of-Improvement-ITAT-Taxscan.jpg "Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]")