![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]")
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...
![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]](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]](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]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Date of Full Payment, not Date in Registered Document can be treated as Date of Acquisition for determining Capital Gain: ITAT [Read Order]")
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]")
![Sale Consideration once Taxed u/s 45 can’t again assessable as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Sale-Consideration-Taxscan.jpg "Sale Consideration once Taxed u/s 45 can’t again assessable as Unexplained: ITAT [Read Order]")
S.43 IT Act Applicable to Gain made on Assets for Business/ Profession due to Foreign Exchange Fluctuation: Calcutta HC [Read Judgment]
The Calcutta High Court in CIT vs. M/s. Bengal Intelligent Parks Pvt. Ltd. held that Section 43A of the Income Tax Act,1961 would only apply to the apparent gain made by the assessee, in acquiring...
![S.43 IT Act Applicable to Gain made on Assets for Business/ Profession due to Foreign Exchange Fluctuation: Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Calcutta-High-Court-Tax-Scan.jpg "S.43 IT Act Applicable to Gain made on Assets for Business/ Profession due to Foreign Exchange Fluctuation: Calcutta HC [Read Judgment]")
No Capital Gain If Sale was to Protect Vendees’ Properties and to settle Legal Disputes: ITAT [Read Order]
In Padmini Chand & Anr. vs. Asstt. Commissioner of Income Tax, the Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that capital gain will not arise when sale deeds have been executed...
Receipt from Redemption of Stock Appreciation Rights is Capital Gain, prior to 1999: Supreme Court [Read Judgment]
In Addl. Commissioner of Income Tax vs. Bharat V. Patel, the Supreme Court held that the amount received from redemption of Stock Appreciation Rights (SARs) can be treated only as capital gains and...
![Receipt from Redemption of Stock Appreciation Rights is Capital Gain, prior to 1999: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Receipt from Redemption of Stock Appreciation Rights is Capital Gain, prior to 1999: Supreme Court [Read Judgment]")
![Housing Loan for New House can’t be a reason to Deny Tax Benefit u/s 54: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/New-House.jpg "Housing Loan for New House can’t be a reason to Deny Tax Benefit u/s 54: ITAT [Read Order]")