![No Tax on Sale of Agricultural Land after its Conversion into ‘Industrial Land’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "No Tax on Sale of Agricultural Land after its Conversion into ‘Industrial Land’: ITAT [Read Order]")
No Tax on Sale of Agricultural Land after its Conversion into ‘Industrial Land’: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in ITO v. Meera Thapa Prop, held that the sale of Agricultural Land after its conversion...
![Sale of Shares in a Pvt Company by Assessee to Son in order to Book Losses so as to set-off Capital Gain from Sale of Property can’t be treated as Sham Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Capital-Gain-Sale-of-SHares-Taxscan.jpg "Sale of Shares in a Pvt Company by Assessee to Son in order to Book Losses so as to set-off Capital Gain from Sale of Property can’t be treated as Sham Transaction: ITAT [Read Order]")
![Profit on Sale of Shares is Taxable under the Head Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Capital-Gain-Taxscan.jpg "Profit on Sale of Shares is Taxable under the Head Capital Gain: ITAT [Read Order]")
![Receipt from Sale of Shares by a Share Broker is Taxable as ‘Capital Gains’: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Receipt from Sale of Shares by a Share Broker is Taxable as ‘Capital Gains’: ITAT Mumbai [Read Order]")
![Gains from Purchase and Sale of Shares and Mutual Funds are Taxable under the head ‘Capital Gains’: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Gains from Purchase and Sale of Shares and Mutual Funds are Taxable under the head ‘Capital Gains’: Bombay HC [Read Order]")
No Penalty When the Addition is made by invoking sec 50C and No Incriminating material is found: ITAT Mumbai [Read Order]
In a recent ruling, the Mumbai bench of the ITAT observed that penalty under section 271(1)(c) of the Income Tax Act cannot be levied on the assessee when the addition is made by invoking section 50C...
![No Penalty When the Addition is made by invoking sec 50C and No Incriminating material is found: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "No Penalty When the Addition is made by invoking sec 50C and No Incriminating material is found: ITAT Mumbai [Read Order]")
Income from Venture Capital and Private Equity Funds investing in Start-Ups is ‘Capital Gain’: CBDT [Read Letter]
Income from Sale of Unlisted Shares to be treated as ‘Capital Gains’ instead of ‘Business Income’. In a significant letter addressed to Chief Commissioners and Director Generals of Income Tax by...
![Income from Venture Capital and Private Equity Funds investing in Start-Ups is ‘Capital Gain’: CBDT [Read Letter]](https://www.taxscan.in/wp-content/uploads/2017/01/Start-ups-investing-Taxscan.jpg "Income from Venture Capital and Private Equity Funds investing in Start-Ups is ‘Capital Gain’: CBDT [Read Letter]")
S. 52C is not applicable to Capital Gains arising out of the Transfer of Leasehold Property: Bombay HC [Read Judgment]
In a recent decision, the Bombay High Court observed that Section 52C of the Income Tax Act is not applicable in case of Capital Gains arising out of the transfer of leasehold property under the...
![S. 52C is not applicable to Capital Gains arising out of the Transfer of Leasehold Property: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "S. 52C is not applicable to Capital Gains arising out of the Transfer of Leasehold Property: Bombay HC [Read Judgment]")
Government notifies Protocol for amendment of the Convention for DTAA between India and Mauritius
The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius was...
Income from the Sales of Agricultural land situated more than 8kms from the Muncipality exempted from Income Tax: Madras HC [Read Judgment]
The division bench of the Madras High Court in a recent decision observed that the amount of profit received by the assessee for the sale of agricultural land which is situated at a distance more than...
Value declared by the Assessee shall be taken for determining Capital Gains; ITAT Jaipur [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal, has recently ruled that while computing capital gains, the AO shall adopt the value Declared By the Assessee, if the difference between the valuation...
Gain on Purchase & Sales of Shares is to be assessed under the Head “Capital Gains”; ITAT Ahmedabad [Read Order]
The Ahmedabad SMC Bench of Income Tax Appellate Tribunal recently ruled that the gain on purchase and sales of shares is to be assessed as a short term capital gain/long term capital gain under the...
