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Capital Gains

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 ...

Asset Holding Pattern Decides Taxability of Land Sale Profit as Capital Gain or Business Income:...

Housing Society Not Liable to pay Income Tax if Members Paid Capital Gain: ITAT Remands for...

ITAT Upholds Capital Gains on Transfer of Development Rights under JDA: Remands to AO to Allow...

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

Income Tax Refund Delay in 2025? Know the Real Reasons Here

If you filed your return on time this year and your refund still has not arrived by November 2025, you are not alone. Many taxpayers are seeing “Processed” on the portal while the money is missing...

Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Goldman Sachs (Singapore) Pte., allowing the carry forward of short-term capital losses (STCL) incurred in AY...

Reassessment Cannot Survive Once Recorded Reasons Fail: Delhi HC [Read Order]

The bench of the Delhi High Court held that reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, cannot be sustained once the very reasons recorded for reopening are...

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...

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...

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...