![Capital Gains Taxation Should Be Based on Receipt of Possession, Not Occupancy Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Property-Tax-Liability-Occupancy-Certificate-Issuance-of-Occupancy-Certificate-Karnataka-High-Court-property-tax-payment-Property-Tax-Liability-taxscan.jpg "Capital Gains Taxation Should Be Based on Receipt of Possession, Not Occupancy Certificate: ITAT [Read Order]")
Capital Gains Taxation Should Be Based on Receipt of Possession, Not Occupancy Certificate: ITAT [Read Order]
Alagappa Muthiah (HUF), the appellant assessee, co-owned 6 acres 23.2 guntas of land in Hebbal Village. On 10/02/2011, he entered into a Development...
![Mere Claim does not constitute Furnishing of Inaccurate Particulars for being Unsustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Mumbai-ITAT-Upholds-CIT-A-Order-Income-Tax-Appellate-Tribunal-Furnishing-Particulars-taxscan.jpg "Mere Claim does not constitute Furnishing of Inaccurate Particulars for being Unsustainable: ITAT [Read Order]")
![Cash Transaction for Property Registration: ITAT deletes Section 269SS Income Tax Penalty against Women with Elementary Knowledge [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Bangalore-Cash-Transaction-Property-Registration-Income-tax-penalty-taxscan.jpg "Cash Transaction for Property Registration: ITAT deletes Section 269SS Income Tax Penalty against Women with Elementary Knowledge [Read Order]")
Property Sale Income Kept For Investment will be Taxed under 'Capital Gains' under Income Tax Act: Kerala HC [Read Order]
In a recent case, the Kerala High Court has held that income from the sale of property kept for investment will be taxed under 'Capital Gains' under Income Tax Act, 1961. The court upheld the...
![Property Sale Income Kept For Investment will be Taxed under Capital Gains under Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Capital-Gains-Kerala-HC-Sale-Income-ITAT-Kerala-High-Court-capital-accretion-taxscan.jpg "Property Sale Income Kept For Investment will be Taxed under Capital Gains under Income Tax Act: Kerala HC [Read Order]")
Property Buyers/Heirs from 2001 to Pay Higher Capital Gains Tax on Sale of Property due to Budget Impact: The End of Indexation Benefit
In the latest budget presented by the Finance Minister, a significant tax proposal has introduced a new dynamic to the property market, effectively creating two distinct classes among those intending...
CII President vouches for Inclusion of Petroleum etc. in GST, expresses Expectations for Budget 2024-25
Income tax relief is expected in the upcoming Budget for taxpayers in the lowest slab due to high inflation in the country, according to CII president Sanjiv Puri. He also suggested the creation...
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]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition made under Section 69 of the Income Tax Act, 1961 when finding that capital gains earned from the sale of shares of CCL...
![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]
In a recent ruling, the Kolkata bench Income Tax Appellate Tribunal ( ITAT ) deleted the capital gain addition made by the Assessing Officer (AO) as the tribunal was convinced that the assessee as a...
![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]")