![Compensation Paid to Beneficiary of Original Will under Settlement is Deductible from Capital Gain: Delhi ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Compensation-Taxscan.jpg "Compensation Paid to Beneficiary of Original Will under Settlement is Deductible from Capital Gain: Delhi ITAT [Read Order]")
Compensation Paid to Beneficiary of Original Will under Settlement is Deductible from Capital Gain: Delhi ITAT [Read Order]
In Rama Vohra v. ITO, Delhi, a division bench of the ITAT Delhi held that the amount paid to the beneficiary of a property as per the original will...
![Builder Encashed Cheque after IT Return Deadline: ITAT Mumbai allows Capital Gain Exemption to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Cheque.jpg "Builder Encashed Cheque after IT Return Deadline: ITAT Mumbai allows Capital Gain Exemption to Assessee [Read Order]")
![Trading in Shares/Mutual Funds is not ‘Business’ if Revenue has been treating same as Investment in Past Years: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Trading in Shares/Mutual Funds is not ‘Business’ if Revenue has been treating same as Investment in Past Years: Delhi HC [Read Order]")
AO is bound to Grant Relief u/s 54F If Assessee Omitted to Claim it in the Returns and Produces details during Proceedings: ITAT Raipur
In Amit Kumar Banzal v. ITO, the ITAT Raipur held that the benefit of Section 54F of the Income Tax Act can be given to the assessee if he omitted to claim it in the returns and later, produces the...
Sale Consideration on Transfer of Allotment Right is Taxable under the head ‘Capital Gain’: ITAT Delhi [Read Order]
In Satnam Overseas Exports v. DCIT, the Delhi bench of the ITAT has held that the right to receive a property is a valuable and a transferable right which falls within the ambit of "capital asset"...
![Sale Consideration on Transfer of Allotment Right is Taxable under the head ‘Capital Gain’: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Sale Consideration on Transfer of Allotment Right is Taxable under the head ‘Capital Gain’: ITAT Delhi [Read Order]")
Indexation should be given from the year When the Property was Acquired by the Previous Owner: ITAT Delhi [Read Order]
In DCIT v. Dinesh Sharma, indexation should be given from the year when the property was acquired by the previous owner for the purpose of computing long Term Capital Gain under the provisions of the...
![Indexation should be given from the year When the Property was Acquired by the Previous Owner: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "Indexation should be given from the year When the Property was Acquired by the Previous Owner: ITAT Delhi [Read Order]")
Income from Sale & Purchase of Shares cannot be treated as ‘Capital Gain’ when Assessee is engaged in Share Trading: ITAT Ahmedabad
In ITO v. Manusi Securities Pvt. Ltd, the division bench of the ITAT Ahmedabad held that the income from sale & purchase of shares of a Company trading in securities is taxable under “Business...
Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]
In CIT v. M/s Annamalaiar Mills, a two-judge bench of the Supreme Court categorically held that the amount received from a wholly-owned subsidiary in consideration of transfer of shares of the WOS to...
![Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-of-India-Tax-Scan.jpg "Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]")
‘Cost of Acquisition’ includes the Interest Paid on Loan for Purchasing Property, Deductible from ‘Capital Gain’: ITAT Kolkata [Read Order]
In ACIT v. Mrs. Sheela Chopra, the Kolkata bench of the ITAT ruled that the amount of interest paid on loan taken for purchasing the property is an expenditure under section 48 of the Income Tax Act....
![‘Cost of Acquisition’ includes the Interest Paid on Loan for Purchasing Property, Deductible from ‘Capital Gain’: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "‘Cost of Acquisition’ includes the Interest Paid on Loan for Purchasing Property, Deductible from ‘Capital Gain’: ITAT Kolkata [Read Order]")
Consideration received on Sale of ‘Patent’ is Taxable under the head ‘Capital Gain’: ITAT Mumbai [Read Order]
In M/s. Bharat Serums & Vaccines Ltd. v. ACIT, the division bench of the Mumbai Income Tax Appellate Tribunal held that the sale consideration received on the sale of patent is taxable under the...
![Consideration received on Sale of ‘Patent’ is Taxable under the head ‘Capital Gain’: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/Patent-Capital-Gain-Taxscan.jpg "Consideration received on Sale of ‘Patent’ is Taxable under the head ‘Capital Gain’: ITAT Mumbai [Read Order]")