Sale Consideration not accruing to the Assessee in the Year under Consideration but Extending to Many Years, not to be Computed as Short-Term Capital Gains: ITAT
The Income Tax Appellate Tribunal “SMC” Bench, Pune, has, while jointly considering two appeals filed on the same ground bydifferent assessees, held...
![No Capital Gains on Transfer of Goodwill on Account of Conversion: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Capital-Gains-Transfer-Of-Goodwill-ITAT-taxscan.jpg "No Capital Gains on Transfer of Goodwill on Account of Conversion: ITAT dismisses Revenues Appeal [Read Order]")
![Income from Portfolio Management Services is assessable under Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Porfolio-Management-Services-Capital-Gains-ITAT-taxscan.jpg "Income from Portfolio Management Services is assessable under Capital Gains: ITAT [Read Order]")
![Compensation Received for Relinquishment of Right in a Property is assessable under ‘Income from Capital Gains’ and eligible for Deduction u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Relinquishment-Property-Income-Capital-Gains-Deduction-ITAT-Taxscan.jpg "Compensation Received for Relinquishment of Right in a Property is assessable under ‘Income from Capital Gains’ and eligible for Deduction u/s 54F: ITAT [Read Order]")
![Consultant did not handle Proceedings Properly: ITAT directs AO to Conduct Proceedings Afresh [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Consultant-Proceedings-ITAT-Assessing-Officer-Taxscan.jpeg "Consultant did not handle Proceedings Properly: ITAT directs AO to Conduct Proceedings Afresh [Read Order]")
Income Tax: CBDT issues New Provision for Computation of Capital Gains for purpose of sum received from ULIPs [Read Notification]
The Central Board of Direct Taxes (CBDT) has issued a New Provision for Computation of capital gains for the purpose of the sum received from ULIPs. The Board has notified the Income Tax (2nd...
![Income Tax: CBDT issues New Provision for Computation of Capital Gains for purpose of sum received from ULIPs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/CBDT-New-Provision-for-Computation-capital-gains-Partners-Firm-Association-of-Person-Body-of-Individuals-Taxscan.jpg "Income Tax: CBDT issues New Provision for Computation of Capital Gains for purpose of sum received from ULIPs [Read Notification]")
Capital Gains arising on Sale of Agricultural Land which is not a Capital Asset shall not be chargeable to Income Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that the Capital gains arising on sale of agricultural land which is not a capital asset shall not be chargeable to Income tax. The...
![Capital Gains arising on Sale of Agricultural Land which is not a Capital Asset shall not be chargeable to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Capital-gains-sale-of-agricultural-land-capital-asset-Income-tax-ITAT-Taxscan.jpg "Capital Gains arising on Sale of Agricultural Land which is not a Capital Asset shall not be chargeable to Income Tax: ITAT [Read Order]")
Income from Sale Transaction of Co-owners treated differently: Bombay High Court quashes Order of ITAT [Read Judgment]
The Nagpur Bench of High court of Judicature at Bombay directs Income Tax Appellate Tribunal to reconsider its order treating sale transaction as business income, where the same pertaining to the...
![Income from Sale Transaction of Co-owners treated differently: Bombay High Court quashes Order of ITAT [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Income-from-Sale-Transaction-Bombay-High-Court-ITAT-Taxscan.jpeg "Income from Sale Transaction of Co-owners treated differently: Bombay High Court quashes Order of ITAT [Read Judgment]")
ITAT allows time to produce relevant documents for claiming Exemption u/s 54 on Property constructed on Revenue Land [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore on February 4th allowed an assessee an opportunity to produce all the relevant documents for claiming under section 54 of the Income-tax act on...
![ITAT allows time to produce relevant documents for claiming Exemption u/s 54 on Property constructed on Revenue Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Property-Constructed-Revenue-Land-Claiming-Exemption-Assessing-Officer-Taxscan.jpg "ITAT allows time to produce relevant documents for claiming Exemption u/s 54 on Property constructed on Revenue Land [Read Order]")