![Deletion of Addition Linked to Alleged Bogus Penny Stock Companys LTCG Claim: MP HC dismisses Appeal of Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/madhya-pradesh-high-court-dismissal-long-term-capital-gains-deletion-of-addition-of-alleged-bogus-penny-stock-company-taxscan.jpg "Deletion of Addition Linked to Alleged Bogus Penny Stock Companys LTCG Claim: MP HC dismisses Appeal of Income Tax Dept [Read Order]")
Deletion of Addition Linked to Alleged Bogus Penny Stock Company's LTCG Claim: MP HC dismisses Appeal of Income Tax Dept [Read Order]
The Madhya Pradesh High Court has dismissed the appeal of the Income Tax Department with regards to the deletion of an addition linked to an alleged...
![Failure to produce documents with respect to LTCG arising out of Purchase and Sale of Shares: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Chennai-LTCG-ITAT-upholds-Addition-Purchase-and-Sale-of-Shares-Tax-news-Taxscan.jpg "Failure to produce documents with respect to LTCG arising out of Purchase and Sale of Shares: ITAT upholds Addition [Read Order]")
![Non-disclosure of LTCG from Sale of shares does not Affect Revenue Interest, Revisionary Proceedings deemed Illegal: Gauhati High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Gauhati-high-court-gauhati-hc-gauhati-hc-news-Sale-of-shares-Revenue-Interest-TAXSCAN.jpg "Non-disclosure of LTCG from Sale of shares does not Affect Revenue Interest, Revisionary Proceedings deemed Illegal: Gauhati High Court [Read Order]")
![Taxpayer should construct a Residential House within Period of three years from date of Transfer of old House: ITAT disallowed u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Section-54-Income-Tax-Act-Residential-House-Construction-Taxpayer-Claim-Old-House-Transfer-taxscan.jpg "Taxpayer should construct a Residential House within Period of three years from date of Transfer of old House: ITAT disallowed u/s 54 of Income Tax Act [Read Order]")
No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition of Rs. 52.9 lakhs as there is no Long Term Capital Gain ( LTCG ) liability, given that the property sold was...
![No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-LTCG-Liability-Property-Sold-Agricultural-Land-Placed-on-Record-Computation-Total-Income-ITAT-taxscan.jpg "No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]")
Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 39.7 Lakhs after the proper explanation of sale proceeds of shares through documentary evidence. The...
![Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Sale-Proceeds-of-Shares-Documentary-Evidence-ITAT-Addition-taxscan.webp "Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]")
ITAT upholds Genuine Nature of Sunrise Asian Share Sales, allows LTCG claims under Section 10(38) of Income Tax Act [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) decision to uphold the genuine nature of Sunrise Asian share sales resulted in granting Long Term Capital Gain (LTCG) claims under Section...
![ITAT upholds Genuine Nature of Sunrise Asian Share Sales, allows LTCG claims under Section 10(38) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-upholds-Genuine-Nature-of-Sunrise-Asian-Share-Sales-Sunrise-Asian-Share-Sales-taxscan.jpg "ITAT upholds Genuine Nature of Sunrise Asian Share Sales, allows LTCG claims under Section 10(38) of Income Tax Act [Read Order]")
ITAT directs Re adjudication with respect to Denial of LTCG incurred from Sale of Shares without Analyzing Proper Evidence [Read Order]
The Mumbai bench Income Tax Appellate Tribunal ( ITAT ) directs re adjudictaion with respect to the denial of Long Term Capital Gain ( LTCG ) incurred from the sale of shares without analyzing proper...
![ITAT directs Re adjudication with respect to Denial of LTCG incurred from Sale of Shares without Analyzing Proper Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Mumbai-ITAT-Income-Tax-Sale-of-Shares-LTCG-on-Shares-Sale-ITAT-Direction-ITAT-Shares-Sale-LTCG-Evidence-Taxscan.jpg "ITAT directs Re adjudication with respect to Denial of LTCG incurred from Sale of Shares without Analyzing Proper Evidence [Read Order]")
![ITAT nullifies Income Tax Additions in Penny Stock Deal for Quick Gains [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Penny-stock-gains-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Income-tax-additions-Taxation-on-penny-stocks-Income-Tax-taxscan.jpg "ITAT nullifies Income Tax Additions in Penny Stock Deal for Quick Gains [Read Order]")
Invalid Reassessment Order as Mismatch in Reason Recorded in Reopening and Reason Supplied to assessee: Supreme Court Allows Exemption in Filing Verified Copy of ITAT Order
The Supreme Court has allowed the application seeking exemption in filing a verified copy of the Income Tax Appellate Tribunal Order (ITAT) wherein it was held that the reassessment order is Invalid...
