ITAT Upholds Capital Gains on Transfer of Development Rights under JDA: Remands to AO to Allow Indexed Cost of Acquisition [Read Order]
The Patna Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal, upholding the capital gains assessed on the transfer of development...
![Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/250x150_2106319-itat-chandigarh-capital-gains-itat-quashes-taxscan.webp "Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]")
![Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/250x150_2101384-goldman-sachs-taxscan.webp "Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]")
![Reassessment Cannot Survive Once Recorded Reasons Fail: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/250x150_2100821-reassessment-survive-recorded-reasons-fail-delhi-hc-taxscan.webp "Reassessment Cannot Survive Once Recorded Reasons Fail: Delhi HC [Read Order]")
France Govt. under Threat of No Confidence Over Proposed Wealth Tax: LVMH Owner Bernard Arnault Warns of Economic Ruin
France’s Prime Minister Sébastien Lecornu is battling to save his government after the opposition Socialist Party threatened to bring a no-confidence motion unless the 2026 budget includes a tax on...
Deduction u/s 54F Cannot be Denied for Non-Deposit of Sale Proceeds Before Filing Return: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT) held that deduction under Section 54F of Income Tax Act,1961, cannot not be denied solely for non-deposit of unutilized sale proceeds...
![Deduction u/s 54F Cannot be Denied for Non-Deposit of Sale Proceeds Before Filing Return: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094547-income-tax-income-tax-deductions.webp "Deduction u/s 54F Cannot be Denied for Non-Deposit of Sale Proceeds Before Filing Return: ITAT [Read Order]")
Tax Authorities Disallow Set-Off of Business Losses Against Capital Gains: ITAT Sets Aside Order and Remands for Verification [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the set-off of business losses against capital gains and remanded the matter for verification after setting aside the orders of the...
![Tax Authorities Disallow Set-Off of Business Losses Against Capital Gains: ITAT Sets Aside Order and Remands for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/500x300_2093474-itat-delhi-business-losss-1.webp "Tax Authorities Disallow Set-Off of Business Losses Against Capital Gains: ITAT Sets Aside Order and Remands for Verification [Read Order]")
ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the capital gains addition of Rs.55 lakh from the sale of a Noida property and allowed the deduction under section 54 of...
![ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/500x300_2093458-2041943-capital-gains-tax-capital-gains-recent-judicial-trends-and-their-implications.webp "ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]")
Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]
The Kerala High Court has held that deduction under Section 54F of the Income TaxAct, 1961 can be allowed when assessee substantiate her intention to repay the borrowed funds with the capital gains....
![Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090960-capital-gains-deduction-income-tax-act-taxscan.webp "Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]")
Income Tax Portal Rejects Returns with S.54/54F Deductions for FY 24-25: Practitioner Flags Issue to CBDT on X
Tax professionals, practitioners and filers have taken to X to highlight the struggles faced by them while trying to file their returns ahead of the September 15, 2025 deadline. The Income Tax ...
