![Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owners Holding Period: ITAT Overturns CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-ITAT-Commissioner-Of-Income-Tax-Appeals-long-Term-Capital-Gain-ITAT-Overturns-Income-Tax-Appellate-Tribunal-taxscan.webp "Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owners Holding Period: ITAT Overturns CIT(A) Order [Read Order]")
Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owner's Holding Period: ITAT Overturns CIT(A) Order [Read Order]
In the recent case, the Delhi bench of Income Tax Appellate Tribunal(ITAT) overturned the Commissioner Of Income Tax (Appeals)[CIT(A)]'s ruling,...
![AO fails to Implement DRP Directions while Passing Final Assessment Order: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-ITAT-Assessment-Order-Dispute-Resolution-Panel-DRP-Dispute-Resolution-Panel-guidelines-Taxscan.jpg "AO fails to Implement DRP Directions while Passing Final Assessment Order: ITAT quashes Assessment Order [Read Order]")
![Non-Deduction of TDS u/s 192 on Reimbursement of LTC/LFC and HTC: ITAT holds SBI in default u/s 201(1)(1A) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-Tax-SBI-Non-Deduction-of-TDS-TAXSCAN.jpg "Non-Deduction of TDS u/s 192 on Reimbursement of LTC/LFC and HTC: ITAT holds SBI in default u/s 201(1)(1A) of Income Tax Act [Read Order]")
![Failure of AO to conduct Proper Inquiry in source of Fresh Capital: ITAT directs AO to conduct Fresh Assessment based on Available Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-delhi-Source-of-Fresh-Capital-Evidence-Based-Tax-Assessment-assessing-officer-fresh-assesement-taxscan.jpg "Failure of AO to conduct Proper Inquiry in source of Fresh Capital: ITAT directs AO to conduct Fresh Assessment based on Available Evidence [Read Order]")
![Acceptance of ITR without Adequate and Sufficient Enquiry by AO: ITAT upholds Revision order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Acceptance-of-ITR-Income-Tax-Returns-Adequate-and-Sufficient-Enquiry-by-AO-ITAT-upholds-Revision-order-Revision-order-Income-Tax-Act-Income-Tax-ITAT-ITAT-News-TAXSCAN.jpg "Acceptance of ITR without Adequate and Sufficient Enquiry by AO: ITAT upholds Revision order u/s 263 of Income Tax Act [Read Order]")
Claim of Capital Gain Deduction u/s 54 of Income Tax Act towards Purchase of Two Adjacent and Joint Flats for the Purpose of one Residence Unit: ITAT Restores Matter to AO for Verification [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) restored the matter to the file of the Assessing Officer (AO) for verification and examination to allow claim of capital gain deduction under...
![Claim of Capital Gain Deduction u/s 54 of Income Tax Act towards Purchase of Two Adjacent and Joint Flats for the Purpose of one Residence Unit: ITAT Restores Matter to AO for Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Claim-of-Capital-Gain-Claim-Capital-Gain-Deduction-Income-Tax-Act-Income-Tax-Residence-Unit-ITAT-AO-taxscan.jpg "Claim of Capital Gain Deduction u/s 54 of Income Tax Act towards Purchase of Two Adjacent and Joint Flats for the Purpose of one Residence Unit: ITAT Restores Matter to AO for Verification [Read Order]")
GE Energy did not have any PE in India as No Expatriate Employee Present in India in Impugned Assessment Years: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that GE Energy Parts did not have any permanent establishment in India as no expatriate employee was present in India during the...
![GE Energy did not have any PE in India as No Expatriate Employee Present in India in Impugned Assessment Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/GE-Energy-GE-Energy-did-not-have-any-PE-in-India-as-No-Expatriate-Employee-Present-in-India-Employee-Assessment-Years-ITAT-Taxscan.jpg "GE Energy did not have any PE in India as No Expatriate Employee Present in India in Impugned Assessment Years: ITAT [Read Order]")
Compensation paid to CSA for Termination of the CLT20 Tournament is not Taxable under Provisions of India-South Africa DTAA: ITAT Grants relief to BCCI [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held compensation paid to Cricket South Africa for the termination of the CLT20 tournament is not taxable under...
![Compensation paid to CSA for Termination of the CLT20 Tournament is not Taxable under Provisions of India-South Africa DTAA: ITAT Grants relief to BCCI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Compensation-paid-to-CSA-for-Termination-of-the-CLT20-Tournament-Taxable-under-Provisions-of-India-South-Africa-DTAA-CLT20-Tournament-ITAT-Taxscan.jpg "Compensation paid to CSA for Termination of the CLT20 Tournament is not Taxable under Provisions of India-South Africa DTAA: ITAT Grants relief to BCCI [Read Order]")
Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT)has recently held that interest income derived from the business of manufacturing and export of rice is eligible for deduction under Section...
![Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-Derived-from-the-Business-of-Manufacturing-and-Export-of-Rice-Interest-Income-Interest-Income-Derived-from-the-Business-Manufacturing-and-Export-of-Rice-Income-Tax-Act-ITAT-Taxscan.jpg "Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]")
Expenditure towards Customer Contracts and Assembled Workforce are ‘Capital’ in Nature: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently, in an appeal filed before it, held that expenditure towards customer contracts and assembled workforce are “capital” in nature. ...
![Expenditure towards Customer Contracts and Assembled Workforce are ‘Capital’ in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Expenditure-Customer-Contracts-Assembled-Workforce-Capital-ITAT-Taxscan.jpg "Expenditure towards Customer Contracts and Assembled Workforce are ‘Capital’ in Nature: ITAT [Read Order]")
