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Long Term Capital Gain

‘Makaan in registered deed was not a residential house’: Delhi HC upholds ITAT's Interpretation of 'Residential House' for S. 54F Exemption [Read Order]

Saagarika Gopinath

In a recent ruling, the Delhi High Court upheld the decision of the Income Tax Appellate Tribunal ( ITAT ) that the reference to a 'makaan’ in...

ITAT Remands Case for De Novo Assessment due to Non-Compliance and Dispute Over Sale Consideration...

Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of...

Acceptance of Purchase and Sale Documents: ITAT deletes Addition of Income from Property Transaction...

Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCIT's Order u/s 263 of...

Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] decision regarding determining capital gains. The tribunal confirmed the...

Title Defects u/s 50C(2) of Income Tax Act: ITAT upholds CIT(A) Decision to Refer LTCG Valuation to DVO [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner Of Income Tax (Appeals)[CIT(A)]'s decision to refer Long Term Capital Gain ( LTCG ) valuation to the Departmental...

Lack of Adverse observations by AO: ITAT allows long-term Capital Gain Exemption [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently ruled in favor of an Assessee whose long-term capital gains exemption was disallowed by the Assessing Officer on the basis of...

Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]

Recently, the Income Tax Appellate Tribunal ( ITAT) of Jaipur ruled in a case that involved the issuance of notice under Section 148 of the Income Tax Act 1961 (ITA) to a dead individual. ...

LTCG of Mauritius Company on Sale of Shares of Indian Investment made before 1st April 2017 is not Taxable in India: ITAT [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ruled that the Long term Capital Gain ( LTCG ) of Mauritius Company on the sale of shares of an Indian investment made before the 1st April 2024...

Change in Section for Claiming Exemption cannot be considered as Fresh Claim: ITAT allows LTCG Exemption u/s 10(38) to Trust [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ), while granting LTCG ( Long Term Capital Gain) Income tax exemption to the assessee trust under Section 10(38) of the Income Tax Act,...

Property Buyers/Heirs from 2001 to Pay Higher Capital Gains Tax on Sale of Property due to Budget Impact: The End of Indexation Benefit

In the latest budget presented by the Finance Minister, a significant tax proposal has introduced a new dynamic to the property market, effectively creating two distinct classes among those intending...