![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]")
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...
![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]")
Non-Competent Fee received from sale of Business Asset taxable as Long Term Capital Gain: Bombay HC [Read Judgment]
A two-judge bench of the Bombay High Court has held that the non-competent fee received by the assessee from the sale of the business assets was not assessable as profits of business under Section...
![Non-Competent Fee received from sale of Business Asset taxable as Long Term Capital Gain: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Non-Compete-Fee-Taxscan.jpg "Non-Competent Fee received from sale of Business Asset taxable as Long Term Capital Gain: Bombay HC [Read Judgment]")
No Capital Gain in the Year of entering into Development Agreement where No Actual Allotment took Place: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the tax liability for capital gain cannot arise in the year in which the assessee entered into a development agreement where there...