![Sale Consideration of Agricultural Land Assessed to Tax without Adjusting the Cost of Acquisition: Delhi HC dismisses Petition, Directs to Seek Statutory Remedy [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Sale-Consideration-of-Agricultural-Land-Sale-Consideration-Agricultural-Land-Tax-Adjusting-the-Cost-of-Acquisition-Cost-of-Acquisition-Delhi-HC-dismisses-Petition-Delhi-High-Court-taxscan.jpg "Sale Consideration of Agricultural Land Assessed to Tax without Adjusting the Cost of Acquisition: Delhi HC dismisses Petition, Directs to Seek Statutory Remedy [Read Order]")
Sale Consideration of Agricultural Land Assessed to Tax without Adjusting the Cost of Acquisition: Delhi HC dismisses Petition, Directs to Seek Statutory Remedy [Read Order]
The Delhi High Court directed to seek statutory remedy on the allegation that the sale consideration of agricultural land was assessed to tax without...
![Failure of Assessee to Substantiate Enhanced Cost of Acquisition with Cogent Evidence: ITAT upholds Disallowance of Excess Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Failure-of-Assessee-Cost-of-Acquisition-Cost-of-Acquisition-with-Cogent-Evidence-ITAT-ITAT-upholds-Disallowance-of-Excess-Cost-Excess-Cost-taxscan.jpg "Failure of Assessee to Substantiate Enhanced Cost of Acquisition with Cogent Evidence: ITAT upholds Disallowance of Excess Cost [Read Order]")
![Benefit of Cost of Acquisition in construction of roof rights in property: ITAT direct to consider Valuation Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cost-of-Acquisition-construction-of-roof-rights-in-property-roof-rights-in-property-ITAT-Valuation-Report-Cost-of-Acquisition-in-construction-of-roof-rights-taxscan.jpg "Benefit of Cost of Acquisition in construction of roof rights in property: ITAT direct to consider Valuation Report [Read Order]")
![Advance Amount Forfeited on Cancellation of Sale Agreement is Deductible from the Cost of Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Advance-Amount-Cancellation-of-Sale-Agreement-Sale-Agreement-ITAT-Taxscan.jpg "Advance Amount Forfeited on Cancellation of Sale Agreement is Deductible from the Cost of Acquisition: ITAT [Read Order]")
Capital Gain Exemption allowable on Amount spent on Interiors, Renovation, Furnishing: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54F is allowable on the amount spent on interiors, renovation, furnishing etc. ...
![Capital Gain Exemption allowable on Amount spent on Interiors, Renovation, Furnishing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Capital-Gain-Exemption-Amount-Interiors-Renovation-ITAT-taxscan.jpg "Capital Gain Exemption allowable on Amount spent on Interiors, Renovation, Furnishing: ITAT [Read Order]")
Wife eligible for Capital Gain Exemption If Money given for Acquisition of Property either directly to Builder or as Reimbursement to Husband [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for capital gain exemption in respect of money given for the acquisition of the property either...
![Wife eligible for Capital Gain Exemption If Money given for Acquisition of Property either directly to Builder or as Reimbursement to Husband [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Wife-Capital-Gain-Exemption-Money-Acquisition-of-Property-Reimbursement-Husband-Taxscan.jpg "Wife eligible for Capital Gain Exemption If Money given for Acquisition of Property either directly to Builder or as Reimbursement to Husband [Read Order]")
Expenses incurred for Cancellation and Re-registration of Property is part of Cost of Acquisition: ITAT [Read Order]
While allowing the appeal of Doddapaneni Atchaiah, Hyderabad bench of Income Tax Appellate Tribunal (ITAT) ruled that the expenses incurred for cancellation and re-registration of the property should...
![Expenses incurred for Cancellation and Re-registration of Property is part of Cost of Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Cost-of-Acquisition.jpg "Expenses incurred for Cancellation and Re-registration of Property is part of Cost of Acquisition: ITAT [Read Order]")
Value declared in Wealth Tax Return cannot be taken as Cost of Acquisition for Computing Capital Gain Income: Delhi HC [Read Judgment]
In a significant ruling, a division bench of the Delhi High Court upheld the order of the ITAT that the value of land as declared and assessed under Section 7(4) of the Wealth Tax Act could not be...
Interest Paid to Bank for Acquiring Capital Asset would form part of ‘Cost of Acquisition’: ITAT Jodhpur [Read Order]
In Gayatri Maheswari v. ITO, the division bench of the ITAT held that the interest paid to the bank for acquiring capital assets would be eligible as part of the cost of acquisition and therefore, is...
![Interest Paid to Bank for Acquiring Capital Asset would form part of ‘Cost of Acquisition’: ITAT Jodhpur [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Interest.jpg "Interest Paid to Bank for Acquiring Capital Asset would form part of ‘Cost of Acquisition’: ITAT Jodhpur [Read Order]")
‘Cost of Acquisition’ includes the Interest Paid on Loan for Purchasing Property, Deductible from ‘Capital Gain’: ITAT Kolkata [Read Order]
In ACIT v. Mrs. Sheela Chopra, the Kolkata bench of the ITAT ruled that the amount of interest paid on loan taken for purchasing the property is an expenditure under section 48 of the Income Tax Act....
![‘Cost of Acquisition’ includes the Interest Paid on Loan for Purchasing Property, Deductible from ‘Capital Gain’: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "‘Cost of Acquisition’ includes the Interest Paid on Loan for Purchasing Property, Deductible from ‘Capital Gain’: ITAT Kolkata [Read Order]")