Budget 2024-25: Capital Gains Rejig steals Investors from availing Indexation Benefit [Read Bill]
In the Budget 2024-25, the proposed capital gains rejig prevents investors from availing the indexation benefit for capital gains tax. An increase...
![Capital Gains earned from sale of shares of CCL International is genuine: ITAT deletes addition made u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Capital-Gains-sale-of-shares-CCL-International-genuine-ITAT-Income-Tax-Act-taxscan.jpg "Capital Gains earned from sale of shares of CCL International is genuine: ITAT deletes addition made u/s 69 of Income Tax Act [Read Order]")
![Property Sold in Low Price Due to Obstacles in Peaceful Enjoyment: ITAT deletes Capital Gains Addition based on DVO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Property-Sold-in-Low-Price-Due-ITAT-Capital-Gains-DVO-TAXSCAN.jpg "Property Sold in Low Price Due to Obstacles in Peaceful Enjoyment: ITAT deletes Capital Gains Addition based on DVO [Read Order]")
ITAT directs to deletes addition made in respect of Capital Gains by adopting the value of property as per DVO Report [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) directed to delete additions made in respect of capital gain by adopting the value of property as per DVO report. The Assessee Arijit...
![ITAT directs to deletes addition made in respect of Capital Gains by adopting the value of property as per DVO Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-Tax-Capital-Gains-TAXSCAN.jpg "ITAT directs to deletes addition made in respect of Capital Gains by adopting the value of property as per DVO Report [Read Order]")
Territorial Jurisdiction of AO is determined on basis of place where assessee Resides or Carries Business or Profession: ITAT allows appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Pune bench while allowing the appeal filed by the assessee held that territorial jurisdiction of the AO is determined on the basis of place where the...
![Territorial Jurisdiction of AO is determined on basis of place where assessee Resides or Carries Business or Profession: ITAT allows appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Territorial-Jurisdiction-Jurisdiction-AO-Business-Profession-Territorial-Jurisdiction-of-AO-is-determined-on-basis-of-place-where-assessee-ITAT-taxscan.jpg "Territorial Jurisdiction of AO is determined on basis of place where assessee Resides or Carries Business or Profession: ITAT allows appeal [Read Order]")
![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]")
Cost of Improvement not to be attributed to joint owners: ITAT upholds revision proceedings [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has upholds revision proceedings, affirming that the cost of improvement should not to be attributed to joint owners. The assessee,...
![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]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) observed that Cost of acquisition of capital assets under section 48(ii) of Income Tax Act 1961, should be the actual cost of...
![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]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) granted an exemption on capital gains related to the transfer of a residential property, despite a 10-year delay in the verification...
![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 HC's Ruling on Capital Gains Tax Exemption under Income Tax for Blackstone [Read Judgement]
The Supreme Court has issued a stay on the Delhi High Court's ruling regarding the Income Tax exemption for Capital Gains in the case of Blackstone Capital. The High Court had determined that the...
![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]")