![‘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]")
‘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...
![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]")
![A listed Company is Entitled to Exemption for Amount Exceeding 10% of Capital Gain while computing LTCG: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/Capital-Gain-Taxscan.jpg "A listed Company is Entitled to Exemption for Amount Exceeding 10% of Capital Gain while computing LTCG: ITAT Delhi [Read Order]")
![Income from Sale of Shares and Mutual Funds are ‘Capital Gain’ though the Assessee involved in Frequent Transactions: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Income from Sale of Shares and Mutual Funds are ‘Capital Gain’ though the Assessee involved in Frequent Transactions: ITAT Kolkata [Read Order]")
Investing in Shares by availing Service of Portfolio Manager is ‘Capital Gain’: ITAT dismisses appeal against Former Cricketer Sachin Tendulkar [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) yesterday dismissed the Department’s appeal against the former Cricketer Sachin Tendulkar and held that income from sale-purchase of shares...
![Investing in Shares by availing Service of Portfolio Manager is ‘Capital Gain’: ITAT dismisses appeal against Former Cricketer Sachin Tendulkar [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Sachin-Tendulkar-Taxscan.jpg "Investing in Shares by availing Service of Portfolio Manager is ‘Capital Gain’: ITAT dismisses appeal against Former Cricketer Sachin Tendulkar [Read Order]")
Profit on Sale of Shares by a Company providing Finance against Securities is ‘Capital Gain’ not ‘Business Income’: ITAT Hyderabad [Read Order]
In a recent ruling, the division bench of the Hyderabad ITAT held that the profit earned by a Company, whose main business is providing finance against the securities are liable to be taxed under the...
![Profit on Sale of Shares by a Company providing Finance against Securities is ‘Capital Gain’ not ‘Business Income’: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Profit on Sale of Shares by a Company providing Finance against Securities is ‘Capital Gain’ not ‘Business Income’: ITAT Hyderabad [Read Order]")
Advance Received on Investment in Specified Bonds are Eligible for Income Tax Exemption: Bombay HC [Read Order]
The division bench of the Bombay High Court in the case CIT v. Subhash Vinayak Supnekar held that the assessee, who had received advance amount on investment in specified bonds are eligible for the...
![Advance Received on Investment in Specified Bonds are Eligible for Income Tax Exemption: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Advance Received on Investment in Specified Bonds are Eligible for Income Tax Exemption: Bombay HC [Read Order]")
Excess sum received by Assessee due to Fluctuation of Exchange Rates are Capital Receipts, Taxable as Capital gain: Calcutta HC [Read Judgment]
The division bench of the Calcutta High Court, in a recent decision observed that the excess sum received by the assessee due to fluctuation of exchange rates are capital receipts. It was further held...
![Excess sum received by Assessee due to Fluctuation of Exchange Rates are Capital Receipts, Taxable as Capital gain: Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Calcutta-High-Court-Tax-Scan.jpg "Excess sum received by Assessee due to Fluctuation of Exchange Rates are Capital Receipts, Taxable as Capital gain: Calcutta HC [Read Judgment]")
Profit from Transfer of Shares and units of Mutual Fund are Capital Gain, not Business Income: ITAT Ahmedabad [Read Order]
In a recent ruling, the ITAT, Ahmedabad bench held that the profit arising out of purchase and sale of shares and investing in mutual funds are capital gain. By relying upon the CBDT Circular...
Income from Sale of Assets of ongoing concern is Taxable as ‘Capital Gain” from the hands of the partner after the Dissolution of the Firm: SC [Read Judgment]
While upholding the order of the Karnataka High court, the two-judge bench of the Supreme Court observed that the income arising out of the sale of capital assets of a going concern by a partner to...
![Income from Sale of Assets of ongoing concern is Taxable as ‘Capital Gain” from the hands of the partner after the Dissolution of the Firm: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Income from Sale of Assets of ongoing concern is Taxable as ‘Capital Gain” from the hands of the partner after the Dissolution of the Firm: SC [Read Judgment]")
![Income from Sale of Mutual Fund is ‘Capital Gain’, not Business Income, says ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Mutual-Fund-Taxscan.jpg "Income from Sale of Mutual Fund is ‘Capital Gain’, not Business Income, says ITAT Delhi [Read Order]")