![CIT(A) Wrongly notes Long-Term Capital Loss as Rs.16.89 Lakhs Instead of Rs.16.89 Crores: ITAT Orders Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Mumbai-Capital-Loss-Long-Term-Capital-Loss-taxscan.jpg "CIT(A) Wrongly notes Long-Term Capital Loss as Rs.16.89 Lakhs Instead of Rs.16.89 Crores: ITAT Orders Verification [Read Order]")
CIT(A) Wrongly notes Long-Term Capital Loss as Rs.16.89 Lakhs Instead of Rs.16.89 Crores: ITAT Orders Verification [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the matter to the file of the Assessing Officer (AO) for verification, in a...
![Delhi HC orders Income Tax department to grant hearing to Ester Industries Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delhi-High-Court-Income-Tax-department-Ester-Industries-Ltd-Capital-loss-claim-Court-decision-on-tax-correction-Assessee-rights-taxscan.jpg "Delhi HC orders Income Tax department to grant hearing to Ester Industries Ltd [Read Order]")
![ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-deletes-disallowance-Long-Term-Capital-Loss-Capital-Loss-Sale-of-Share-Share-of-private-company-private-company-initial-promoters-promoters.webp "ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]")
![Disallowance of set-off of short-term capital loss allowable to set-off against short term capital gain u/s 70 and 71 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-of-set-off-of-short-term-capital-loss-allowable-to-set-off-against-short-term-capital-gain-Income-Tax-Act-ITAT-TAXSCAN.jpg "Disallowance of set-off of short-term capital loss allowable to set-off against short term capital gain u/s 70 and 71 of Income Tax Act: ITAT [Read Order]")
![ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-disallowance-account-Failure-prove-Long-Term-Capital-Loss-Sale-Share-Company-taxscan.jpg "ITAT upholds Disallowance on Account of Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]")
No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal (ITAT) held that no addition could be made by the way of disallowance of capital loss on account of no change in real ownership of the company of...
![No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Addition-No-Addition-can-be-made-Disallowance-of-Capital-Loss-on-Account-Account-Disallowance-Capital-Loss-Way-of-Disallowance-Real-Ownership-of-Company-Ownership-of-Company-taxscan.jpg "No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]")
Objection to Scheme of Amalgamation can raise only before sanctioning by High Court: ITAT allows adjustment on Business Loss and set off of Capital Loss [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that an objection to scheme of Amalgamation can raise only before sanctioning by High Court and allowed adjustment on business...
![Objection to Scheme of Amalgamation can raise only before sanctioning by High Court: ITAT allows adjustment on Business Loss and set off of Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Loss-Business-Loss-Scheme-of-Amalgamation-Amalgamation-High-Court-ITAT-Income-Tax-taxscan-.jpg "Objection to Scheme of Amalgamation can raise only before sanctioning by High Court: ITAT allows adjustment on Business Loss and set off of Capital Loss [Read Order]")
No Claim of Capital Loss when revised Income Tax Return filed u/s 139(5) became non-est: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that there is no claim of capital loss when revised return filed under Section 139(5) of the Income Tax Act, 1961 became non-est. The...
![No Claim of Capital Loss when revised Income Tax Return filed u/s 139(5) became non-est: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-Capital-Loss-Income-Tax-Return-non-est-ITAT-taxscan.jpg "No Claim of Capital Loss when revised Income Tax Return filed u/s 139(5) became non-est: ITAT [Read Order]")
Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]
Loss arising out of foreign currency term loan as a capital loss, Chennai bench of Income Tax Appellate Tribunal (ITAT) allowed depreciation on the cost of assets including forex. The assessee...
![Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/foreign-currency-capital-loss-depreciation-asset-forex-ITAT-Taxscan.jpeg "Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]")
Mis-Declaration of Capital Loss as Business Loss does not lead to Concealments of Income, Penalty u/s 271(1)(c) not sustainable: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) consisting of Shri Pramod M Jagtap, vice president and Ms Madhumita Roy, Judicial member has held that misdeclaration of capital loss as...
![Mis-Declaration of Capital Loss as Business Loss does not lead to Concealments of Income, Penalty u/s 271(1)(c) not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/capital-loss-business-loss-concealments-of-income-Penalty-ITAT-taxscan.jpeg "Mis-Declaration of Capital Loss as Business Loss does not lead to Concealments of Income, Penalty u/s 271(1)(c) not sustainable: ITAT [Read Order]")
Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the Short Term Capital Loss on which STT was paid can be adjusted against the Short Term Capital Gain on which STT was not paid. ...
![Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Short-Term-Capital-Loss-Short-Term-Capital-Gain-STT-ITAT-Taxscan.jpg "Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]")
ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed the AO to allow set-off of capital loss carried forward against capital gains earned. The assessee-company, M/s Apollo Finvest...
![ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-AO-capital-loss-capital-gains-Taxscan.jpg "ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]")