![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]")
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...
![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]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "Cost of Investment in Land is part of Cost of Construction of Residential House for availing Capital Gain Exemption: ITAT [Read Order]")
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]")
No Capital Gain when new Partner bring Cash by way of Capital Contribution and Retiring Partners take Cash and Retire: Bombay HC [Read Judgment]
The Bombay High Court on March 26th earlier this year ruled that when new Partner brings Cash by way of Capital Contribution and Retiring Partners take Cash and Retire, No Capital Gain happens. The...
![No Capital Gain when new Partner bring Cash by way of Capital Contribution and Retiring Partners take Cash and Retire: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Capital-Gain-Sale-of-SHares-Taxscan.jpg "No Capital Gain when new Partner bring Cash by way of Capital Contribution and Retiring Partners take Cash and Retire: Bombay HC [Read Judgment]")
IT Deduction available on purchase of Two Residential Houses even If Investment is not made out of Capital Gain: ITAT [Read Order]
In an assessee-favour ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the deduction under section 54 is available on the purchase of two residential houses by the assessee...
![IT Deduction available on purchase of Two Residential Houses even If Investment is not made out of Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/New-House.jpg "IT Deduction available on purchase of Two Residential Houses even If Investment is not made out of Capital Gain: ITAT [Read Order]")
![Sale of Client Relationship and Goodwill by CA Firm constitute ‘Capital Gain’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Capital-Gain-Taxscan.jpg "Sale of Client Relationship and Goodwill by CA Firm constitute ‘Capital Gain’: ITAT [Read Order]")
![Supreme Court confirms Addition for Bogus Share Application Money and Premium [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "Supreme Court confirms Addition for Bogus Share Application Money and Premium [Read Judgment]")
![Mere Execution of Power of Attorney Agent not amount to ‘Transfer’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Tax.jpg "Mere Execution of Power of Attorney Agent not amount to ‘Transfer’: ITAT [Read Order]")