![Sale Proceedings need not be Invested in Specified Govt Scheme New Property is purchased within Three Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Sale-Plots-Taxscan.jpg "Sale Proceedings need not be Invested in Specified Govt Scheme New Property is purchased within Three Years: ITAT [Read Order]")
Sale Proceedings need not be Invested in Specified Govt Scheme New Property is purchased within Three Years: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that there is no need to invest the sale proceedings in the specified Government...
![Share Purchase as per Order of Company Court constitute Dividend, not Capital Gain: Madras High Court dismisses Cognizants Plea [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Cognizant-Taxscan.jpg "Share Purchase as per Order of Company Court constitute Dividend, not Capital Gain: Madras High Court dismisses Cognizants Plea [Read Judgment]")
![ITAT upholds Addition since Share Transactions are Sham Transaction to evade Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Share-Transaction-Taxscan.jpg "ITAT upholds Addition since Share Transactions are Sham Transaction to evade Tax [Read Order]")
Capital Gain Exemption not allowable merely on basis of Agreement without Payment Evidence: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the exemption under Section 54F of the Income Tax Act, 1961 has held that the exemption is allowable merely...
![Capital Gain Exemption not allowable merely on basis of Agreement without Payment Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "Capital Gain Exemption not allowable merely on basis of Agreement without Payment Evidence: ITAT [Read Order]")
When HUF’s Property is sold, Capital Gain Exemption must be given to More than One Houses: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 should be given to more than one houses when the property of...
![When HUF’s Property is sold, Capital Gain Exemption must be given to More than One Houses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/06/ITAT-HUF-Tax-Taxscan.jpg "When HUF’s Property is sold, Capital Gain Exemption must be given to More than One Houses: ITAT [Read Order]")
![ITAT allows Sec 54F Relief for Additional Floors of New House [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/06/New-House-ITAT-Taxscan.jpg "ITAT allows Sec 54F Relief for Additional Floors of New House [Read Order]")
Cost of Investment in Land is part of Cost of Construction of Residential House for availing Capital Gain Exemption: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the cost of investment in land is also part of the cost of construction of the residential house, for purpose of availing...
Transfer of Residential Property need not include Transfer of Land in order to claim Capital Gain Exemption u/s 54: Bombay HC [Read Judgment]
The Bombay High Court has held that in order to avail the benefit of capital gain exemption under Section 54 of the Income Tax Act transfer of land is not necessary along with the transfer of...
Properties obtained by Retiring Partners through Family Arrangement not attract Capital Gain Tax: Madras HC [Read Judgment]
A two-judge bench of the Madras High Court has held that the properties obtained by the retiring partners of a Firm through family arrangement do not amount to 'transfer' for the purpose of imposing...
![Properties obtained by Retiring Partners through Family Arrangement not attract Capital Gain Tax: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Partners-Taxscan.jpg "Properties obtained by Retiring Partners through Family Arrangement not attract Capital Gain Tax: Madras HC [Read Judgment]")