![Capital Gain Exemption Benefit u/s 54 can be availed in respect of Basement Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Capital-Gain-Exemption-respect-of-Basement-Property-ITAT-TAXSCAN.jpg "Capital Gain Exemption Benefit u/s 54 can be availed in respect of Basement Property: ITAT [Read Order]")
Capital Gain Exemption Benefit u/s 54 can be availed in respect of Basement Property: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that capital gain exemption under Section 54 of Income Tax Act, 1961...
![Depreciation on Goodwill cannot be Denied on ground of Adopting DFC Method when AO Accepted Capital Gain Claim for Slump Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Goodwill-Denied-ground-Adopting-DFC-Method-Capital-Gain-Claim-Slump-Sale-ITAT-TAXSCAN1.jpg "Depreciation on Goodwill cannot be Denied on ground of Adopting DFC Method when AO Accepted Capital Gain Claim for Slump Sale: ITAT [Read Order]")
![No Document to Prove that Assessee is merely a POA Holder: ITAT Upholds Addition of Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Document-POA-Holder-ITAT-Addition-of-Capital-Gain-Capital-Gain-taxscan.jpg "No Document to Prove that Assessee is merely a POA Holder: ITAT Upholds Addition of Capital Gain [Read Order]")
![Capital Gain from Sale of Shares cannot be treated as Bogus solely on the basis of Report of Income Tax Dept: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Sale-of-Share-Capital-Gain-from-Sale-of-Shares-Report-of-Income-Tax-Dept-ITAT-income-tax-taxscan.jpg "Capital Gain from Sale of Shares cannot be treated as Bogus solely on the basis of Report of Income Tax Dept: ITAT [Read Order]")
![Income from Transfer of Listed Shares held for a period of more than 12 Months taxable as Capital Gains at the Desire of the Assessee: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Transfer-of-Listed-Shares-Listed-Shares-Income-from-Transfer-of-Listed-Shares-Capital-Gains-Desire-of-the-Assessee-Calcutta-Highcourt-taxscan.jpg "Income from Transfer of Listed Shares held for a period of more than 12 Months taxable as Capital Gains at the Desire of the Assessee: Calcutta HC [Read Order]")
Income from Sale of Residential Flats obtained under Joint Development Agreement Taxable as Capital Gain, Not Business Income: ITAT [Read Order]
The Bangalore Income Tax Appellate Tribunal (ITAT) has recently held that income from sale of residential flats obtained under the joint development agreement taxable as capital gain hence it was not...
![Income from Sale of Residential Flats obtained under Joint Development Agreement Taxable as Capital Gain, Not Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-from-Sale-of-Residential-Flats-Sale-of-Residential-Flats-Joint-Development-Agreement-Capital-Gain-Business-Income-Income-ITAT-taxscan.jpg "Income from Sale of Residential Flats obtained under Joint Development Agreement Taxable as Capital Gain, Not Business Income: ITAT [Read Order]")
Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench, has recently, in an appeal filed before it, held that there is no capital gain in case of agricultural land as the same is not a capital...
![Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Agricultural-Land-Capital-Asset-Income-Tax-Act-Income-Tax-Tax-Capital-Gain-ITAT-Taxscan.jpg "Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]")
![S. 50C of Income Tax Act Not Applicable on Compulsory Acquisition of Land: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/S.-50C-of-Income-Tax-Act-Compulsory-Acquisition-of-Land-Calcutta-HC-Taxscan.jpg "S. 50C of Income Tax Act Not Applicable on Compulsory Acquisition of Land: Calcutta HC [Read Order]")
Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), noted that there is no violation of Rule 46A of Income Tax Rules and observed that rules framed by the Board are statutory in nature. ...
![Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Rule-Nature-ITAT-violation-Rule-Income-Tax-Rules-TAXSCAN.jpg "Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]")
Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the capital gain deduction under Section 54F of the Income Tax Act 1961 could not be denied if the assessee had entered into...
![Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gain-Deduction-Capital-Gain-Agreement-Sale-Original-Asset-ITAT-Income-Tax-Taxscan.jpg "Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]")
Enhanced Compensation with Interest for Compulsory Acquisition of Agricultural Land Exempted u/s 10(37) of Income Tax Act: ITAT [Read Order]
The Bench of Income Tax Appellate Tribunal (ITAT) enhanced the compensation with interest for acquisition of agricultural land exempted under section 10(37) of Income Tax Act, 1961. Manjeet Sing...
![Enhanced Compensation with Interest for Compulsory Acquisition of Agricultural Land Exempted u/s 10(37) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Enhanced-Compensation-Interest-Compulsory-Acquisition-of-Agricultural-Land-Exempted-us-1037-Income-Tax-Act-ITAT-Taxscan.jpg "Enhanced Compensation with Interest for Compulsory Acquisition of Agricultural Land Exempted u/s 10(37) of Income Tax Act: ITAT [Read Order]")
![Transaction cannot be treated as “Real Estate” If Property held for a Long Time: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Transaction-Real-Estate-Property-held-for-a-Long-Time-ITAT-Taxscan.jpg "Transaction cannot be treated as “Real Estate” If Property held for a Long Time: ITAT [Read Order]")