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Long Term Capital Gain

Shares Held for 33 Months, Sold on Recognized Exchange, and STT Duly Paid: ITAT Rejects Revenue’s Allegation of Bogus LTCG u/s 68 [Read Order]

Navasree A.M

The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad held the treatment of the long-term capital gain (LTCG) from sale of shares by revenue as...

Genuineness of Penny Stocks Share Sale: ITAT Upholds ₹21.72 Lakh Addition as Sham Transaction [Read...

‘Makaan in registered deed was not a residential house’: Delhi HC upholds ITAT's Interpretation of...

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 u/s 69A by AO [Read Order]

The New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition made by the assessing officer under section 69A of the Income Tax Act, 1961. The decision followed as the AO...

Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCIT's Order u/s 263 of Income Tax Act [Read Order]

Recently, Income Tax Appellate Tribunal ( ITAT ) of Ahmedabad directed for reassessment of an Assessee’s case, noting that there were inaccuracies in reporting share transactions in the relevant...

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...