![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]")
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...
![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]](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]")
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...
Fair Market Value cannot be substituted for full value of consideration in estimating the Capital Gains; ITAT Hyderabad [Read Order]
The Income Tax Appellate Tribunal, Hyderabad bench in a recent ruling held that Fair Market Value cannot be substituted for full value of consideration in estimating the Capital Gains under the...
India & Mauritius signs Protocol for amendment of the Convention for the Avoidance of Double Taxation
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...
