![Capital Gain Exemption allowed by AO on the basis of Certificate from Tahasildar can’t be treated as ‘erroneous’’: ITAT Quashes Revisional Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Tax.jpg "Capital Gain Exemption allowed by AO on the basis of Certificate from Tahasildar can’t be treated as ‘erroneous’’: ITAT Quashes Revisional Assessment [Read Order]")
Capital Gain Exemption allowed by AO on the basis of Certificate from Tahasildar can’t be treated as ‘erroneous’’: ITAT Quashes Revisional Assessment [Read Order]
While quashing the revisional assessment in the case of Sangeeta Jain, Income Tax Appellate Tribunal (ITAT) Delhi bench recently ruled that capital...
![Expenses incurred for Cancellation and Re-registration of Property is part of Cost of Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Cost-of-Acquisition.jpg "Expenses incurred for Cancellation and Re-registration of Property is part of Cost of Acquisition: ITAT [Read Order]")
![Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]")
![All Apartments received under Development Agreement would become “One House” for the purpose of s. 54 Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/New-House.jpg "All Apartments received under Development Agreement would become “One House” for the purpose of s. 54 Exemption: ITAT [Read Order]")
Income from Share Transactions is Taxable as ‘Capital Gain’ if the ‘Initial Intention’ of assessee was to make Investment: ITAT [Read Order]
The Kolkata bench of the ITAT, while considering the case of I.T.O, Wd-12(1), Kolkata Vs. M/s Nupur Carpets Pvt. Ltd, held that the income from share transactions is taxable as “capital gain” under...
![Income from Share Transactions is Taxable as ‘Capital Gain’ if the ‘Initial Intention’ of assessee was to make Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Investment-Taxscan.jpg "Income from Share Transactions is Taxable as ‘Capital Gain’ if the ‘Initial Intention’ of assessee was to make Investment: ITAT [Read Order]")
Addition in respect of Capital Gain Income can’t be made when Assessee not sold Property and Just Signed as a Confirming Party: ITAT [Read Order]
The Jaipur bench of ITAT recently ruled that the addition in respect of Capital Gain Income can’t be made when Assessee not sold the property and just signed as a confirming party. The bench including...
![Addition in respect of Capital Gain Income can’t be made when Assessee not sold Property and Just Signed as a Confirming Party: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Addition in respect of Capital Gain Income can’t be made when Assessee not sold Property and Just Signed as a Confirming Party: ITAT [Read Order]")
Purchase of New House in the name of Wife cannot disentitle Husband from Claiming Capital Gain Exemption: ITAT [Read Order]
The Jaipur bench of the ITAT recently ruled that the capital gain exemption under Section 54F of the Income Tax Act, 1961 cannot be denied to husband for the reason that the new house was purchased in...
![Purchase of New House in the name of Wife cannot disentitle Husband from Claiming Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Purchase of New House in the name of Wife cannot disentitle Husband from Claiming Capital Gain Exemption: ITAT [Read Order]")
Sale of Land cannot be treated as Business Activity even though there is a Higher Volume of Sale Consideration: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Rajkot bench, while allowing the assessees’ appeal, held that the sale of land cannot be treated as business activity for the purpose of levying income tax even...
![Sale of Land cannot be treated as Business Activity even though there is a Higher Volume of Sale Consideration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Sale-of-Land-Taxscan.jpg "Sale of Land cannot be treated as Business Activity even though there is a Higher Volume of Sale Consideration: ITAT [Read Order]")
ITAT rejects Assessee’s Plea of ‘Wrong Legal Opinion’ since She is a Director of a Company [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal rejected the Assessee’s Plea of ‘wrong legal opinion’ since she is a Director of a Company. The assessee had invested in Port Folio Management...
![ITAT rejects Assessee’s Plea of ‘Wrong Legal Opinion’ since She is a Director of a Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT rejects Assessee’s Plea of ‘Wrong Legal Opinion’ since She is a Director of a Company [Read Order]")
Firm Not Liable to Pay Capital Gain Tax on Crediting Revaluation Surplus to Settle Retiring Partners: ITAT [Read Order]
Capital gain Tax on crediting revaluation surplus to partners account settling their accounts on their retirement is taxable in the hands of such partners, not from the Firm, said the Mumbai bench of...
![Firm Not Liable to Pay Capital Gain Tax on Crediting Revaluation Surplus to Settle Retiring Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Taxscan.jpg "Firm Not Liable to Pay Capital Gain Tax on Crediting Revaluation Surplus to Settle Retiring Partners: ITAT [Read Order]")
Capital Gain Exemption u/s 54F is available on Residential House Constructed on a Commercial Plot: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) comprising of Judicial Member Vijay Pal Rao has held that Capital Gain Exemption is available on residential house constructed on a commercial...