![Challenge on FMV Assessed Based on Occupancy Certificate: ITAT Upholds CIT(A) Order in Absence of Contrary Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Challenge on FMV Assessed Based on Occupancy Certificate: ITAT Upholds CIT(A) Order in Absence of Contrary Evidence [Read Order]")
Challenge on FMV Assessed Based on Occupancy Certificate: ITAT Upholds CIT(A) Order in Absence of Contrary Evidence [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s order, dismissing the...
![Misapplication of Income Tax Section 143(3) Instead of Section 153C by AO: ITAT quashes Entire Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Income-Tax-Section-1433-of-Income-Tax-Act-Income-Tax-Act-Taxscan.jpg "Misapplication of Income Tax Section 143(3) Instead of Section 153C by AO: ITAT quashes Entire Assessment [Read Order]")
![Purchase of One Residential House with Modifications of Two Adjacent Properties Amounts to a Single Residential House: ITAT Allows S.54F Exemption Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Income-Tax-Act-TAXSCAN.jpg "Purchase of One Residential House with Modifications of Two Adjacent Properties Amounts to a Single Residential House: ITAT Allows S.54F Exemption Claim [Read Order]")
![Capital Gains Arising Out of Sale of Long-Term Capital Assets Shall Be Taxable at Rate of 20% u/s 112 Of Income Tax Act:Â ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Capital-Gains-Sale-of-Long-Term-Capital-Assets-Taxable-at-Rate-Section-112-of-the-Income-Tax-taxscan.jpg "Capital Gains Arising Out of Sale of Long-Term Capital Assets Shall Be Taxable at Rate of 20% u/s 112 Of Income Tax Act:Â ITAT [Read Order]")
Capital Invested to Purchase Shares of 'Infrastructure Facility' before June 1998 cannot be included in Total Income: Telangana HC [Read Order]
The Telangana High Court in a recent case has held that the capital invested to purchase shares of 'infrastructure facility' before June 1998 cannot be included in total income. The Court viewed that...
Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that capital gain arising out of transfer of shares of an Indian entity cannot be taxed at hands of foreign entity in India...
![Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-mumbai-Income-Tax-Appellate-Tribunal-ITAT-Capital-Gain-Indian-entity-Foreign-Entity-out-of-Transfer-ITAT-NEWS-TAXSCAN.jpg "Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]")
ITAT Addresses Non-Compliance by Assessee, Grants Opportunity to Present Case with Cost Imposed [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) addressed the issue of non-compliance by the assessee, granting him an opportunity to present his case and also imposed a nominal cost of...
![ITAT Addresses Non-Compliance by Assessee, Grants Opportunity to Present Case with Cost Imposed [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-ITAT-non-compliance-Assessee-non-compliance-Income-tax-Case-presentation-taxscan.jpg "ITAT Addresses Non-Compliance by Assessee, Grants Opportunity to Present Case with Cost Imposed [Read Order]")
![Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Capital-Gain-Capital-Gain-Exemption-Income-Tax-Appellate-Tribunal-ITAT-raipur-revision-assessment-Income-Tax-Appellate-Tribunal-taxscan.jpg "Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]")
Deduction u/s 54F of Income Tax Act Allowable On Construction Of The New Dwelling/Residential Unit: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that deduction under section 54F of Income Tax Act, 1961 is allowable on construction of the new dwelling/residential unit. ...
![Deduction u/s 54F of Income Tax Act Allowable On Construction Of The New Dwelling/Residential Unit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Deduction-us-54F-of-Income-Tax-Act-Construction-Of-The-New-Dwelling-Residential-Unit-ITAT-TAXSCAN.jpg "Deduction u/s 54F of Income Tax Act Allowable On Construction Of The New Dwelling/Residential Unit: ITAT [Read Order]")