![Capital Gain Exemption allowable only to the Extend of Cultivated Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gain-Exemption-Capital-Gain-Cultivated-Land-ITAT-Income-Tax-taxscan.jpg "Capital Gain Exemption allowable only to the Extend of Cultivated Land: ITAT [Read Order]")
Capital Gain Exemption allowable only to the Extend of Cultivated Land: ITAT [Read Order]
In this case of appeal, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), presided over by Judicial Member S.S. Viswanethra Ravi and the...
![Leasing Land for conducting Research on Hybrid varieties does not amount to Contract Farming, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Leasing-Land-Land-Contract-Farming-ITAT-taxscan.jpg "Leasing Land for conducting Research on Hybrid varieties does not amount to Contract Farming, not Taxable: ITAT [Read Order]")
![Addition of Unexplained Investment of Land is permissible in the absence of explanation by Cash Flow Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Unexplained-Investment-of-Land-Cash-Flow-Statement-ITAT-taxscan.jpg "Addition of Unexplained Investment of Land is permissible in the absence of explanation by Cash Flow Statement: ITAT [Read Order]")
![Assessee Alone cant be Taxed when Land belongs to many Co-owners: ITAT deletes Addition of Capital Gain on Land Acquisition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Land-Co-owners-ITAT-Capital-Gain-Land-Acquisition-ITAT-taxscan.jpg "Assessee Alone cant be Taxed when Land belongs to many Co-owners: ITAT deletes Addition of Capital Gain on Land Acquisition [Read Order]")
Developer can Deduct One-Third of Total Amount towards the Value of Land or Undivided Share of Land Involved in Supply: AAR [Read Order]
The Kerala Authority for Advance Ruling has recently ruled in an application by Galaxy Homes Private Limited that developers can deduct one-third of total amount received for supply of constructed...
![Developer can Deduct One-Third of Total Amount towards the Value of Land or Undivided Share of Land Involved in Supply: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Developer-Land-Supply-AAR-taxscan.jpg "Developer can Deduct One-Third of Total Amount towards the Value of Land or Undivided Share of Land Involved in Supply: AAR [Read Order]")
Land Re-purchased need not be 'Agricultural' on the Date of Re-Investment: ITAT allows Deduction u/s 54B [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench, while allowing a claim of deduction under section 54B of the Income Tax Act, 1961, has held that the provision does not mandate lands...
![Land Re-purchased need not be Agricultural on the Date of Re-Investment: ITAT allows Deduction u/s 54B [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Land-Re-purchased-Agricultural-Re-Investment-ITAT-taxscan.jpg "Land Re-purchased need not be Agricultural on the Date of Re-Investment: ITAT allows Deduction u/s 54B [Read Order]")
![Nature of Land Sold is to be Ascertained based on Sale Deed Executed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Land-Sold-Sale-Deed-ITAT-taxscan.jpg "Nature of Land Sold is to be Ascertained based on Sale Deed Executed: ITAT [Read Order]")
Capital Gain Deduction allowable to Separate Independent Residential Units on a Single piece of Land: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 is allowable to separate independent liveable...
![Capital Gain Deduction allowable to Separate Independent Residential Units on a Single piece of Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Capital-Gain-Deduction-Residential-Units-Land-ITAT-taxscan.jpg "Capital Gain Deduction allowable to Separate Independent Residential Units on a Single piece of Land: ITAT [Read Order]")
![Capital Gain cannot arise in respect of a Null and Void Transfer: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/void-transfer-land-Capital-gain-short-term-capital-ITAT-taxscan.jpg "Capital Gain cannot arise in respect of a Null and Void Transfer: ITAT deletes Addition [Read Order]")
Difference between Assigning Share in Profit in Partnership Firm and Constituting Sub-Partnership: Gujarat HC quashes Provisional Attachment of Land [Read Judgment]
The Gujarat High Court while quashing the provisional attachment of land held that there is a difference Between Assigning Share in Profit in Partnership Firm and Constituting Sub-Partnership. ...
![Difference between Assigning Share in Profit in Partnership Firm and Constituting Sub-Partnership: Gujarat HC quashes Provisional Attachment of Land [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/02/Assigning-Share-In-Profit-Partnership-Firm-Sub-Partnership-Gujarat-HC-land-taxscan.jpg "Difference between Assigning Share in Profit in Partnership Firm and Constituting Sub-Partnership: Gujarat HC quashes Provisional Attachment of Land [Read Judgment]")
Madras HC disallows Deduction for clearing off mortgage created by Assessee prior to Transfer of Land [Read Judgment]
The Madras High Court disallowed the deduction under section 48 for clearing off mortgage created by the assessee prior to the transfer of land. The assessee, Tmt.T.A.H.Zubaida Ummal has raised...
![Madras HC disallows Deduction for clearing off mortgage created by Assessee prior to Transfer of Land [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Madras-High-Court-clearing-off-mortgage-transfer-of-land-Taxscan.jpg "Madras HC disallows Deduction for clearing off mortgage created by Assessee prior to Transfer of Land [Read Judgment]")