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![No Service Tax to be levied from Owners of Flats Constructed for Personal Use: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Service-Tax-Service-Tax-to-be-levied-Service-Tax-Owners-of-Flats-Constructed-Flats-Constructed-Personal-Use-CESTAT-Customs-Excise-taxscan.jpg "No Service Tax to be levied from Owners of Flats Constructed for Personal Use: CESTAT [Read Order]")
No Service Tax to be levied from Owners of Flats Constructed for Personal Use: CESTAT [Read Order]
In a significant ruling, the Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that service tax is not...
![No Addition of Notional Income from Vacant Flats held as Stock-in-Trade by Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Notional-Income-Vacant-Flats-Stock-in-Trade-Builder-ITAT-Income-Tax-Notional-Income-from-Vacant-Flats-taxscan.jpg "No Addition of Notional Income from Vacant Flats held as Stock-in-Trade by Builder: ITAT [Read Order]")
![Capital Gain Exemption allowable for Purchase of Two Flats to be used as a Single Dwelling Unit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Capital-Gain-Exemption-Re-investment-Prescribed-Period-Taxscan.jpeg "Capital Gain Exemption allowable for Purchase of Two Flats to be used as a Single Dwelling Unit: ITAT [Read Order]")
![Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Capital-Gain-Deduction-Flats-Joint-Venture-Agreement-ITAT-Taxscan.jpg "Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]")
Date of Possession of Flat is the Date of Actual Purchase for claiming S. 54F Exemption: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Pune bench has held that the date of possession of flat is the date of actual purchase for the purpose of claiming exemption under section 54F of the Income...
![Date of Possession of Flat is the Date of Actual Purchase for claiming S. 54F Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Property-Tax-Taxscan.jpg "Date of Possession of Flat is the Date of Actual Purchase for claiming S. 54F Exemption: ITAT [Read Order]")
![Quoting of Low Rent by Flat Owner is Tax Evasion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Rent-Taxscan.jpg "Quoting of Low Rent by Flat Owner is Tax Evasion: ITAT [Read Order]")
Addition for On-Money Received towards Sale of Flats must be determined based on Evidence found during Search: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the addition of on-money received by the builder on sale of flats has to be determined based on evidence found during...
![Addition for On-Money Received towards Sale of Flats must be determined based on Evidence found during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flat-Taxscan.jpg "Addition for On-Money Received towards Sale of Flats must be determined based on Evidence found during Search: ITAT [Read Order]")
Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has ruled that the income from the sale of flats and the undivided share in such land could be assessed under the head “capital gains” since the...
![Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flats-Taxscan.jpg "Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]")