![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]")
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...
![Capital Gain Exemption u/s 54F is available on Residential House Constructed on a Commercial Plot: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Capital Gain Exemption u/s 54F is available on Residential House Constructed on a Commercial Plot: ITAT [Read Order]")
![Income from Capital Gain on a Transaction through JDA which never materialised considered as Hypothetical Income: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "Income from Capital Gain on a Transaction through JDA which never materialised considered as Hypothetical Income: Supreme Court [Read Judgment]")
![DLF gets relief from Delhi HC as Capital Gain from Slump Sale is Not Taxable before 2000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/DLF-Taxscan.jpg "DLF gets relief from Delhi HC as Capital Gain from Slump Sale is Not Taxable before 2000 [Read Order]")
No Addition If the Lands Transferred by Holding Company are treated as ‘Stock-in-Trade’ by Subsidiary Companies: ITAT [Read Order]
In a recent ruling, the Hyderabad ITAT observed that when a Holding Company transfers its land to its 100% subsidiary company, it can be treated as a ‘transfer’ for the purpose of assessing as Capital...
![No Addition If the Lands Transferred by Holding Company are treated as ‘Stock-in-Trade’ by Subsidiary Companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Stock-in-Trade.jpg "No Addition If the Lands Transferred by Holding Company are treated as ‘Stock-in-Trade’ by Subsidiary Companies: ITAT [Read Order]")
Not SRO, Cost of Construction of Flats by Builder must be treated as Sale Consideration of the Land Owner for Computing Capital Gain: ITAT
In a significant ruling, the ITAT, Hyderabad bench held that for computing Long Term Capital Gain of an assessee who transferred his land under a Joint Development Agreement, the cost of construction...
Assessee can avail the benefit of Capital Gain Exemption if Provisional Possession of the New Property is transferred within 2 Years: Delhi ITAT
The Delhi ITAT, in a significant ruling, held that assessee can avail the benefit of capital gain exemption if provisional possession of the new property was transferred within two years of disposal...
Income from Compulsory Acquisition of Agricultural Land is ‘Agricultural Income’, Capital Gain Tax cannot Attract: ITAT Kolkata [Read Order]
A division bench of the Kolkata ITAT, on Wednesday held that any income accrues on compulsory acquisition of agricultural land it is to be regarded as agricultural income and not chargeable to tax...
![Income from Compulsory Acquisition of Agricultural Land is ‘Agricultural Income’, Capital Gain Tax cannot Attract: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "Income from Compulsory Acquisition of Agricultural Land is ‘Agricultural Income’, Capital Gain Tax cannot Attract: ITAT Kolkata [Read Order]")
Power of Attorney Holder cannot be assessed for Capital Gain received on Sale of Land: ITAT Jaipur [Read Order]
In Shri Gyan Chand Agarwal v. ACIT, a division bench of the ITAT Jaipur held that addition of income against a power of attorney holder for the consideration received on the sale of land is not...
![Power of Attorney Holder cannot be assessed for Capital Gain received on Sale of Land: ITAT Jaipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Power-of-Attorney.jpg "Power of Attorney Holder cannot be assessed for Capital Gain received on Sale of Land: ITAT Jaipur [Read Order]")
Revaluation of Satellite Rights of Partnership Firm not amount to Capital Gain on Converting into a Company: Bombay HC [Read Order]
When a partnership Firm is converted into a Company, revaluation of the satellite rights by the partnership firm would not attract any capital gain, a division bench of the Bombay High Court said....
![Revaluation of Satellite Rights of Partnership Firm not amount to Capital Gain on Converting into a Company: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Revaluation of Satellite Rights of Partnership Firm not amount to Capital Gain on Converting into a Company: Bombay HC [Read Order]")
No ‘Capital Gain’ when a Dutch Co sells Shares of an Indian Immovable Property Company to Singapore Co: Andhra Pradesh HC [Read Judgment]
In Director of Income Tax v. Vanenburg Facilities BV, Andhra Pradesh High Court has held that gains arising from a Dutch company’s sale of shares of an Indian immovable property company to a Singapore...