![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...
![ITAT Allows TCS Credit to Taxpayer Despite License Held by Third Party Due to Absence of Contradictory Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-TCS-Credit-Taxpayer-Despite-License-Contradictory-Evidence-TAXSCAN.jpg "ITAT Allows TCS Credit to Taxpayer Despite License Held by Third Party Due to Absence of Contradictory Evidence [Read Order]")
![No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-LTCG-Liability-Property-Sold-Agricultural-Land-Placed-on-Record-Computation-Total-Income-ITAT-taxscan.jpg "No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]")
ITAT directs re-adjudication with respect to LTCG of sold property which canceled by Civil court [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) directs re-adjudication with respect to Long Term Capital Gain of sold property which was canceled by the civil court. The Assessee...
![ITAT directs re-adjudication with respect to LTCG of sold property which canceled by Civil court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-re-adjudication-LTCG-ITAT-directs-readjudication-with-respect-to-LTCG-Civil-court-taxscan.jpg "ITAT directs re-adjudication with respect to LTCG of sold property which canceled by Civil court [Read Order]")
Interconnect usage Payment received by Foreign Company from Indian telecom Operator not Taxable as ‘Royalty’: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the interconnect usage payments received by a foreign company from an Indian telecom operator should not be classified as...
![Interconnect usage Payment received by Foreign Company from Indian telecom Operator not Taxable as ‘Royalty’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Bangalore-ITAT-Income-Tax-ITAT-ruling-on-interconnect-usage-payment-Foreign-company-tax-exemption-India-Taxscan.jpg "Interconnect usage Payment received by Foreign Company from Indian telecom Operator not Taxable as ‘Royalty’: ITAT [Read Order]")
Non-deduction of TDS u/s 195(1) of Income Tax Act, leading to proposed disallowance u/s 40(a)(i) of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) observed that non deduction of Tax Deducted at Source ( TDS ) under Section 195(1) of the Income Tax Act, 1961, leading to proposed...
![Non-deduction of TDS u/s 195(1) of Income Tax Act, leading to proposed disallowance u/s 40(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Bangalore-Income-Tax-Non-deduction-of-TDS-TDS-TAXSCAN.jpg "Non-deduction of TDS u/s 195(1) of Income Tax Act, leading to proposed disallowance u/s 40(a)(i) of Income Tax Act: ITAT [Read Order]")
Banking company as per section 2(c) of Banking regulations Act, would be eligible for claim of deduction u/S 80P(2)(d) of Income Tax Act : ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Authority ( ITAT ) observed that Banking company as per Section 2(c) of Banking regulations Act, 1949, would be eligible for claim of deduction under...
![Banking company as per section 2(c) of Banking regulations Act, would be eligible for claim of deduction u/S 80P(2)(d) of Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Income-Tax-ITAT-Bangalore-ITAT-ruling-on-Banking-Regulations-Act-Banking-company-tax-deduction-TAXSCAN.jpg "Banking company as per section 2(c) of Banking regulations Act, would be eligible for claim of deduction u/S 80P(2)(d) of Income Tax Act : ITAT [Read Order]")
![Unaccounted Money is Eligible for Deduction u/S 80IB(10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Bangalore-Income-Tax-Unaccounted-Money-Tax-deduction-of-unaccounted-money-Unaccounted-money-deduction-Deduction-TAXSCAN.jpg "Unaccounted Money is Eligible for Deduction u/S 80IB(10) of Income Tax Act: 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]")