![Capital Gain Taxable at the time of giving Actual Possession of Land to Developer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Capital Gain Taxable at the time of giving Actual Possession of Land to Developer: ITAT [Read Order]")
Capital Gain Taxable at the time of giving Actual Possession of Land to Developer: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has held that the land owner is liable to pay capital gain in the year in which the actual...
![Portfolio Management Services Fee is deductible from Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Portfolio-Management-Services-Capital-Gain-Taxscan.jpg "Portfolio Management Services Fee is deductible from Capital Gain: ITAT [Read Order]")
![Gain from Sale is Business Income If Assessee followed Stock Market Trend: Bombay HC rejects House Wife’s Plea [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Gain from Sale is Business Income If Assessee followed Stock Market Trend: Bombay HC rejects House Wife’s Plea [Read Judgment]")
![Income from Sale of Plots under a Business Project is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Sale-Plots-Taxscan.jpg "Income from Sale of Plots under a Business Project is Business Income: ITAT [Read Order]")
![ITAT uphold Addition since Share Transaction was used as a Colourable device to avoid Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Share-Transaction-Taxscan.jpg "ITAT uphold Addition since Share Transaction was used as a Colourable device to avoid Tax Liability [Read Order]")
Capital Gain Exemption can be allowed to House Property acquired in Foreign Countries: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee is entitled for capital gain exemption under section 54F of the Income Tax Act in respect of the properties...
![Capital Gain Exemption can be allowed to House Property acquired in Foreign Countries: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "Capital Gain Exemption can be allowed to House Property acquired in Foreign Countries: ITAT [Read Order]")
S. 54 Benefit can’t be denied to a Joint Owner who made Investment for Purchase of Flat: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the benefit of capital gain exemption under Section 54 of the Income Tax Act, 1961 cannot be denied to a joint owner who...
![S. 54 Benefit can’t be denied to a Joint Owner who made Investment for Purchase of Flat: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/ITAT-Taxscan.jpg "S. 54 Benefit can’t be denied to a Joint Owner who made Investment for Purchase of Flat: ITAT [Read Order]")
Capital Gain Exemption available on Sale of Water-logged Area adjacent to Agricultural Land: Kerala HC [Read Judgment]
A division bench of the Kerala High Court has held that the capital gain received on the sale of land water-logged and comprised within the backwaters, adjacent to the agricultural land as the same...
![Capital Gain Exemption available on Sale of Water-logged Area adjacent to Agricultural Land: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "Capital Gain Exemption available on Sale of Water-logged Area adjacent to Agricultural Land: Kerala HC [Read Judgment]")
Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has ruled that the income from the sale of flats and the undivided share in such land could be assessed under the head “capital gains” since the...
![Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flats-Taxscan.jpg "Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]")
Date of Full Payment, not Date in Registered Document can be treated as Date of Acquisition for determining Capital Gain: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the date of full payment of money must be treated as the date of acquisition for determination of capital gain under the...
Section 54 Relief not allowable when Builder returns Money for Flats Booked under Self-Finance Scheme: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, in Suhas Vasantrao Joshi v. ACIT held that the assessee cannot avail exemption section 54 of the Income Tax Act when the Builder returns...
![Section 54 Relief not allowable when Builder returns Money for Flats Booked under Self-Finance Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Section-54-Taxscan.jpg "Section 54 Relief not allowable when Builder returns Money for Flats Booked under Self-Finance Scheme: ITAT [Read Order]")
Capital Gain on Transfer of Shares within Firm Outside India not to be brought to Tax: ITAT Mumbai [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Capital Gain on transfer of shares within a firm but outside India cannot be brought to tax and therefore ruled out the...
![Capital Gain on Transfer of Shares within Firm Outside India not to be brought to Tax: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Capital-Gain-Tax-Taxscan.jpg "Capital Gain on Transfer of Shares within Firm Outside India not to be brought to Tax: ITAT Mumbai [Read Order]")