![No Denial of Capital Gains Deduction u/s 54 once Requisite Conditions are Met: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Capital-Gains-Deduction-us-54-Conditions-Met-ITAT-TAXSCAN.jpg "No Denial of Capital Gains Deduction u/s 54 once Requisite Conditions are Met: ITAT [Read Order]")
No Denial of Capital Gains Deduction u/s 54 once Requisite Conditions are Met: ITAT [Read Order]
In a significant decision, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) overturned the findings of the Commissioner of Income Tax...
![Cost of Improvement not to be attributed to joint owners: ITAT upholds revision proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Cost-of-Improvement-attributed-joint-owners-ITAT-revision-proceedings-taxscan.jpg "Cost of Improvement not to be attributed to joint owners: ITAT upholds revision proceedings [Read Order]")
![Cost of Acquisition of Capital Asset u/S 48(ii) of Income Tax Act should be Actual Cost of Acquisition of Agricultural Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Agricultural-land-acquisition-for-tax-purposes-Cost-of-Acquisition-of-Capital-Asset-Income-Tax-Act-itat-Ahmedabad-Income-Tax-Act-capital-gain-rules-Taxscan.jpg "Cost of Acquisition of Capital Asset u/S 48(ii) of Income Tax Act should be Actual Cost of Acquisition of Agricultural Land: ITAT [Read Order]")
![Delay of 10 years in carrying out verification by AO: ITAT grants Capital Gain Exemption on tansfer of Residential Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-bangalore-Capital-Gain-Exemption-Transfer-of-Residential-Property-Capital-gains-exemption-for-delayed-verification-Taxscan.jpg "Delay of 10 years in carrying out verification by AO: ITAT grants Capital Gain Exemption on tansfer of Residential Property [Read Order]")
![Supreme Court Stays Delhi HCs Ruling on Capital Gains Tax Exemption under Income Tax for Blackstone [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/01/Supreme-Court-decision-Blackstone-case-Supreme-Court-stay-order-Income-Tax-Act-Blackstone-case-Blackstone-Capital-Taxscan.jpg "Supreme Court Stays Delhi HCs Ruling on Capital Gains Tax Exemption under Income Tax for Blackstone [Read Judgement]")
Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of setoff of unabsorbed depreciation carried forward from earlier years against income from capital gains shall be...
![Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Depreciation-income-tax-news-Capital-Gains-shall-be-permitted-TAXSCAN.jpg "Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]")
ITAT allows deduction on cost acquisition of land acquired from allottees of govt for rehabilitation dam project [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench, allowed a deduction on the cost of acquisition of land acquired from allottees of the government for the rehabilitation dam project. The...
![ITAT allows deduction on cost acquisition of land acquired from allottees of govt for rehabilitation dam project [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deduction-cost-acquisition-land-acquired-allottees-govt-for-rehabilitation-dam-project-TAXSCAN.jpg "ITAT allows deduction on cost acquisition of land acquired from allottees of govt for rehabilitation dam project [Read Order]")
Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that the mere transfer of real estate and construction business is not a case of succession of the firm by a company...
![Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Mere-Transfer-Real-Estate-Construction-Business-Sale-Consideration-Capital-Gains-ITAT-taxscan.jpg "Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]")
ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to share information of beneficiaries of leading kingpins providing bogus long term capital gains...
![ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-AO-ITAT-directs-AO-Information-Beneficiaries-Beneficiaries-of-Leading-Kingpins-taxscan.jpg "ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]")
Non-Consideration of Evidence on Deduction Claim u/s 54B and Capital Gains Exemption on Sale of Agricultural Land: ITAT remands Matter to AO [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench remanded the matter before the Assessing officer for re adjudication due to nonconsideration of evidence on deduction claimed under...
![Non-Consideration of Evidence on Deduction Claim u/s 54B and Capital Gains Exemption on Sale of Agricultural Land: ITAT remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Non-Consideration-Evidence-Deduction-Claim-Capital-Gains-Exemption-Sale-of-Agricultural-Land-ITAT-remands-Matter-AO-taxscan.jpg "Non-Consideration of Evidence on Deduction Claim u/s 54B and Capital Gains Exemption on Sale of Agricultural Land: ITAT remands Matter to AO [Read Order]")