![Profit from Twin land transactions Taxable under Business Income, not Capital Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Profit-Twin-land-transactions-Taxable-Business-Income-not-Capital-Income-ITAT-TAXSCAN-1.jpg "Profit from Twin land transactions Taxable under Business Income, not Capital Income: ITAT [Read Order]")
Profit from Twin land transactions Taxable under Business Income, not Capital Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench held that income from twin land transactions is taxable under Business Income, not Capital...
![Addition made on capital gain on revaluation of land to partners are not sustainable under law for Conversion of partnership firms can be considered only in the hands of the firms under Section 47(xiii)(b): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-capital-gain-revaluation-land-partners-law-Conversion-partnership-firms-hands-firms-ITAT-TAXSCAN.jpg "Addition made on capital gain on revaluation of land to partners are not sustainable under law for Conversion of partnership firms can be considered only in the hands of the firms under Section 47(xiii)(b): ITAT [Read Order]")
![Ownership of Land without Rendering of Any Service is Not a Relevant Condition for Determining Service Tax Liability: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Ownership-of-Land-Rendering-Land-Ownership-Rendering-of-Any-Service-is-Not-a-Relevant-Condition-Relevant-Condition-Service-Tax-Liability-Service-Tax-CESTAT-Taxscan.jpg "Ownership of Land without Rendering of Any Service is Not a Relevant Condition for Determining Service Tax Liability: CESTAT [Read Order]")
![Capital Gain Exemption shall not be Denied on Residential House Constructed on Small Area of Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Capital-Gain-exemption-Denied-on-Residential-house-constructed-Residential-house-constructed-Small-Area-of-Land-Land-ITAT-Income-Tax-taxscan.jpg "Capital Gain Exemption shall not be Denied on Residential House Constructed on Small Area of Land: ITAT [Read Order]")
Compensation Received For Compulsory Acquisition of Land Is not Taxable as Capital Gains: Gujarat HC [Read Order]
The High Court of Gujarat has held that compensation received for the compulsory acquisition of land is not taxable as capital gains. Anilaben Rohitbhai Modi, the petitioner is an individual and...
![Compensation Received For Compulsory Acquisition of Land Is not Taxable as Capital Gains: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Compensation-Received-Compulsory-Acquisition-Land-not-Taxable-Capital-Gains-Gujarat-HC.jpg "Compensation Received For Compulsory Acquisition of Land Is not Taxable as Capital Gains: Gujarat HC [Read Order]")
Misallocating Shares of 99 acres Shamlat ( Panchayat) land by Tehsildar: ED Attached 8 Crore Properties
The Enforcement Directorate (ED) attached the properties worth Rs. 8 Crore Properties of Varinder Pal Singh Dhoot, the then Naib Tehsildar, in a money laundering case involving revenue officials and...
Treatment of Booking Advances as Unexplained Cash Credits: ITAT quashes Disproportionate Addition towards Co-Owners of Land [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) has quashed the disproportionate addition towards co-owners of land as the booking advances were treated as unexplained cash credits. The...
![Treatment of Booking Advances as Unexplained Cash Credits: ITAT quashes Disproportionate Addition towards Co-Owners of Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Treatment-of-Booking-Advances-Unexplained-Cash-Credits-ITAT-quashes-Disproportionate-Addition-Addition-ITAT-Co-Owners-of-Land-Income-Tax-taxscan.jpg "Treatment of Booking Advances as Unexplained Cash Credits: ITAT quashes Disproportionate Addition towards Co-Owners of Land [Read Order]")
Failure of AO to Examine Purchase of Land by Assessee as per Section 56(2)(vii)(b) is Prejudicial to Revenue's Interest: ITAT upholds Revision order u/s 263
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, while upholding the revision order under Section 263, held that failure of AO to examine...
Sale Proceeds of Land introduced as Share Capital in AOP taxable u/s 45(3): ITAT upholds Addition of Suo Motu Offering for Tax [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, while upholding the addition of suo motu offering for tax, held that sale proceeds of land introduced...
![Sale Proceeds of Land introduced as Share Capital in AOP taxable u/s 45(3): ITAT upholds Addition of Suo Motu Offering for Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Sale-Proceeds-of-Land-Land-Share-Capital-AOP-taxable-ITAT-Suo-Motu-Offering-for-Tax-Suo-Motu-Tax-taxscan-.jpg "Sale Proceeds of Land introduced as Share Capital in AOP taxable u/s 45(3): ITAT upholds Addition of Suo Motu Offering for Tax [Read Order]")
Assessee cannot be said to carry out Agricultural Activities merely because there were a Few Coconut Trees on Land: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the assessee could not be said to have carried out agricultural activities merely because the land had few coconut trees. ...
![Assessee cannot be said to carry out Agricultural Activities merely because there were a Few Coconut Trees on Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Agricultural-Activities-Coconut-Trees-Land-ITAT-Income-Tax-Tax-Taxscan.jpg "Assessee cannot be said to carry out Agricultural Activities merely because there were a Few Coconut Trees on Land: ITAT [Read Order]")
