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Capital Gains

Profit from Sale of Unlisted Shares of ICICI Bank Held for 6 Years Taxable as LTCG, Not Business Income: Calcutta HC [Read Order]

In a recent ruling, the Calcutta High Court held that profit arising from the sale of unlisted preference shares of ICICI Bank Ltd., which were held...

Capital Gains on Jointly Owned Property cannot be Taxed In Hands of One Co-Owner: ITAT [Read Order]

CBDT releases Draft of Income Tax Rule, 2026: Complete Details Inside

Only Final Stamp Valuation Determined by Collector Applies u/s 50C: ITAT allows Full Section 54F...

Agricultural Land is at 2.75 Km from Municipal Limit as per Google Map: ITAT quashes Capital Gain...

ITAT upholds Taxability of Capital Gains on Sale of Flipkart Shares by Ex-Flipkart COO, Denies DTAA Relief Under India-Singapore Tax Treaty [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) dealt with the issue of taxability of capital gains arising from the sale of shares of Flipkart Private Limited held by Binny Bansal in...

Budget 2026: Buybacks to Be Taxed as Capital Gains; Higher Tax for Promoters

The Union Budget for the Financial Year 2026–27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026), with the Government announcing a significant ...

No Capital Gain Tax in JDA Execution Year without Consideration & with Limited Possession: ITAT [Read Order]

‘Where no consideration is received and possession is handed over only for limited purpose of development, no capital gains can be said to have accrued in the year of execution of the JDA’, held the...

Asset Holding Pattern Decides Taxability of Land Sale Profit as Capital Gain or Business Income: Madras HC [Read Order]

The Madras High Court has held that the nature of profit earned from sale of land whether taxable as “Capital Gains” or “Business Income”, depends on the assessee’s asset holding pattern,...

Housing Society Not Liable to pay Income Tax if Members Paid Capital Gain: ITAT Remands for verification [Read Order]

The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) ruled that the housing society was not liable if members had already paid capital gains and remanded the matter back to the Assessing ...

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 rights under a Joint Development Agreement (JDA),...

Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]

The principle that capital gains taxation must be based strictly on the real consideration received, said the Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) while quashing two...