![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]")
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...
![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]](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]")
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]")
![Amount received on Cancellation of Auction is not subject to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Capital-Receipts-Taxscan.jpg "Amount received on Cancellation of Auction is not subject to Income Tax: ITAT [Read Order]")
Handing Over of Possession under Development Agreement would amount to ‘Transfer’ for attracting Capital Gain Tax: ITAT [Read Order]
The Hyderabad bench of ITAT confirmed that handing over of possession under development agreement would amount to ‘Transfer’ for attracting capital gain tax. A single judge bench of Accountant member...
![Handing Over of Possession under Development Agreement would amount to ‘Transfer’ for attracting Capital Gain Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "Handing Over of Possession under Development Agreement would amount to ‘Transfer’ for attracting Capital Gain Tax: ITAT [Read Order]")
Profit earned by Housewife from share Transaction is Business Income, Not Capital Gain: ITAT [Read Order]
The Delhi Bench of the ITAT, on Thursday, ruled that the profit earned by a Housewife on the purchase and sale of shares would amount to business income and net short-term capital gain under the...
![Profit earned by Housewife from share Transaction is Business Income, Not Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Housewife-TaxScan.jpg "Profit earned by Housewife from share Transaction is Business Income, Not Capital Gain: ITAT [Read Order]")
ITAT deletes Addition since Assessee appropriated and Utilized the Amount of Capital Gain before the Due Date of Filing of Return of Income [Read Order]
In the case of Arun Kumar Jain vs. Income Tax Officer, Delhi bench of Income Tax Appellate Tribunal has deleted the addition made by the Assessing Officer during the assessment period since the...
![ITAT deletes Addition since Assessee appropriated and Utilized the Amount of Capital Gain before the Due Date of Filing of Return of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/Capital-Gain-Taxscan.jpg "ITAT deletes Addition since Assessee appropriated and Utilized the Amount of Capital Gain before the Due Date of Filing of Return of Income [Read Order]")
Tax payable on handing over of Possession of Immovable Property: ITAT says Even a Part Performance is ‘Transfer’ for attracting Capital Gain [Read Order]
In the case of M/s Mangilall Estates (P) Ltd, Kolkata bench of Income Tax Appellate Tribunal (ITA), recently held that part performance of the agreement would be considered as transfer for attracting...
![Tax payable on handing over of Possession of Immovable Property: ITAT says Even a Part Performance is ‘Transfer’ for attracting Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Tax payable on handing over of Possession of Immovable Property: ITAT says Even a Part Performance is ‘Transfer’ for attracting Capital Gain [Read Order]")