![Sale of Share was Substantiated with Documentary Evidence, Addition of Capital Gain As Unexplained Income is not Valid: Bombay HC upholds Order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Sale-of-Share-was-Substantiated-with-Documentary-Evidence-Sale-of-Share-Documentary-Evidence-Capital-Gain-Unexplained-Income-Bombay-HC-upholds-Order-of-ITAT-taxscan.jpg "Sale of Share was Substantiated with Documentary Evidence, Addition of Capital Gain As Unexplained Income is not Valid: Bombay HC upholds Order of ITAT [Read Order]")
Sale of Share was Substantiated with Documentary Evidence, Addition of Capital Gain As Unexplained Income is not Valid: Bombay HC upholds Order of ITAT [Read Order]
The Bombay High Court held that capital gain as unexplained income is not valid when the sale of shares was substantiated with documentary evidence...
![Onus to Prove Non-Accrual of Capital Gain Lies on Assessee: ITAT Orders for Readjudication of Capital Gain Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Onus-Prove-Accrual-Capital-Gain-Assessee-ITAT-Order-income-tax-taxscan.jpg "Onus to Prove Non-Accrual of Capital Gain Lies on Assessee: ITAT Orders for Readjudication of Capital Gain Assessment [Read Order]")
![Mere Delay of Developer to Handover Possession of Flat would not Vitiate Claim of Assessee: ITAT Allows Capital Gain Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Delay-of-Developer-Possession-of-Flat-Flat-Claim-ITAT-Capital-Gain-Deduction-Capital-Gain-Deduction-ITAT-Allows-Capital-Gain-Deduction-taxscan.jpg "Mere Delay of Developer to Handover Possession of Flat would not Vitiate Claim of Assessee: ITAT Allows Capital Gain Deduction [Read Order]")
![ITAT allows Capital Gain Exemption on Assessee who is not Exclusive Owner of Multiple Residential Properties Occupied by Other Family Members [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-capital-gain-exemption-not-exclusive-owner-of-multiple-residential-properties-other-family-members-income-tax-taxscan.jpg "ITAT allows Capital Gain Exemption on Assessee who is not Exclusive Owner of Multiple Residential Properties Occupied by Other Family Members [Read Order]")
![Capital Gains from Alienation of Any Property Taxable Only in Singapore: Bombay HC allows Capital Gain Exemption to FII [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Capital-Gains-Alienation-of-Any-Property-Taxable-Only-in-Singapore-Bombay-Highcourt-Capital-Gain-Exemption-to-FII-taxscan.jpeg "Capital Gains from Alienation of Any Property Taxable Only in Singapore: Bombay HC allows Capital Gain Exemption to FII [Read Order]")
Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) has held that deduction under Section 54 F Income Tax Act, 1961 should not be denied by reason of sale amount not...
![Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deduction-Income-Tax-Act-Sale-Amount-Sale-Amount-is-not-deposited-in-Capital-Gain-Account-deposited-Capital-Gain-Account-Capital-Gain-ITAT-Taxscan.jpg "Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]")
Capital Gains cannot be Taxable when Transfer of Land Taken Place in Previous Year of Assessment proceedings: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that capital gains cannot be taxable when the transfer of land took place in the previous year of the assessment proceedings. ...
![Capital Gains cannot be Taxable when Transfer of Land Taken Place in Previous Year of Assessment proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Capital-gain-Tax-previous-year-Assessment-Income-Tax-Act-ITAT-income-tax-income-act-taxscan.jpg "Capital Gains cannot be Taxable when Transfer of Land Taken Place in Previous Year of Assessment proceedings: ITAT [Read Order]")
Stamp Duty Valued as Full Value of Consideration u/s 50C(1): ITAT directs Re-Computation of Capital Gains [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed the re-computation of capital gain as the stamp duty was valued as full value of the consideration by invoking the provisions...
![Stamp Duty Valued as Full Value of Consideration u/s 50C(1): ITAT directs Re-Computation of Capital Gains [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Stamp-Duty-Value-of-Consideration-Consideration-ITAT-Re-Computation-of-Capital-Gains-Capital-Gains-taxscan.jpg "Stamp Duty Valued as Full Value of Consideration u/s 50C(1): ITAT directs Re-Computation of Capital Gains [Read Order]")
Addition u/s 50C of Income Tax Act based on SVA's Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently directed a readjudication due to an addition under Section 50C of the Income Tax Act, 1961. This addition was based on the...
![Addition u/s 50C of Income Tax Act based on SVAs Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-us-50C-of-Income-Tax-Act-based-on-SVAs-Overvaluation-of-Capital-Gain-Sale-Consideration-ITAT-directs-Readjudication-TAXSCAN.jpg "Addition u/s 50C of Income Tax Act based on SVAs Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]")