![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]")
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...
![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]](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]")
![Capital Gain Exemption u/s 54F cannot be Allowed for Sale and Purchase of Plots: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gain-Exemption-Capital-Gain-Sale-and-Purchase-of-Plots-Sale-Purchase-Plots-ITAT-Income-Tax-Tax-Taxscan.jpg "Capital Gain Exemption u/s 54F cannot be Allowed for Sale and Purchase of Plots: ITAT [Read Order]")
Bogus Capital Gain,No adverse inference could be drawn against Assessee based on Misuse of Share Market by some persons: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that adverse inference can’t be drawn against the assessee based on misuse of the share market to bogus capital gain by some...
![Bogus Capital Gain,No adverse inference could be drawn against Assessee based on Misuse of Share Market by some persons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bogus-Capital-Gain-Assessee-Share-Market-some-persons-ITAT-TAXSCAN.jpg "Bogus Capital Gain,No adverse inference could be drawn against Assessee based on Misuse of Share Market by some persons: ITAT [Read Order]")
Income from Sale of Land held as “Stock-in-Trade” by Builder Taxable as “Business Income”, Not “Capital Gain”: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench has recently, in an appeal filed before it, held that the Income from sale of Land considered as “Stock-in- Trade” by builder and Taxable...
![Income from Sale of Land held as “Stock-in-Trade” by Builder Taxable as “Business Income”, Not “Capital Gain”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Stock-in-Trade-Builder-Taxable-Business-Income-Capital-Gain-ITAT-TAXSCAN.jpg "Income from Sale of Land held as “Stock-in-Trade” by Builder Taxable as “Business Income”, Not “Capital Gain”: ITAT [Read Order]")
ITAT Confirms Denial of Tax Benefit u/s.54 for Non-Deposit in Capital Gain Account Scheme: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench has recently, in an appeal filed before it, confirmed the denial of Tax benefit u/s.54 for non-deposit in Capital Gain Account Scheme. ...
![ITAT Confirms Denial of Tax Benefit u/s.54 for Non-Deposit in Capital Gain Account Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Tax-Non-Deposit-Capital-Gain-Account-Scheme-ITAT-TAXSCAN.jpg "ITAT Confirms Denial of Tax Benefit u/s.54 for Non-Deposit in Capital Gain Account Scheme: ITAT [Read Order]")
Capital Gains earned by Blackstone not liable to Income Tax: Delhi HC quashes Proceedings and Order of Reassessment [Read Order]
The Delhi High Court has recently ruled in favour of Blackstone Capital Partners, that there is no capital gain earned by the petitioner liable to tax in India in the matter before them. The core...
![Capital Gains earned by Blackstone not liable to Income Tax: Delhi HC quashes Proceedings and Order of Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gains-Blackstone-Income-Tax-Delhi-Highcourt-Proceedings-Order-of-Reassessment-taxscan.jpg "Capital Gains earned by Blackstone not liable to Income Tax: Delhi HC quashes Proceedings and Order of Reassessment [Read Order]")
Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that relinquishment of right in land earmarked for common utility purposes as per regulatory requirements is not taxable as...
![Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Relinquishment-Land-Common-Utility-Purpose-Regulatory-Requirements-Taxable-Capital-Gain-Business-Income-ITAT-Taxscan.jpg "Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]")
