![Bogus Long Term Capital Gain claimed as Exempt Income is not allowable, Chargeable to Tax: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Bogus-Long-Term-Capital-Gain-Tax-Delhi-HC-taxscan.jpg "Bogus Long Term Capital Gain claimed as Exempt Income is not allowable, Chargeable to Tax: Delhi HC [Read Order]")
Bogus Long Term Capital Gain claimed as Exempt Income is not allowable, Chargeable to Tax: Delhi HC [Read Order]
The Delhi High Court has held that bogus Long Term Capital Gain claimed as exempt income is not allowable and is chargeable to...
![Addition made under LTCG: ITAT directs De Novo Adjudication for Non-Consideration of Report by DVO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/LTCG-ITAT-DVO-taxscan.jpeg "Addition made under LTCG: ITAT directs De Novo Adjudication for Non-Consideration of Report by DVO [Read Order]")
![Revisionary Powers cannot be exercised Arbitrarily: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Revisionary-Powers-ITAT-taxscan.jpeg "Revisionary Powers cannot be exercised Arbitrarily: ITAT [Read Order]")
![Share Price increased due to Manipulation and Rigging through Penny Stock Company: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Manipulation-and-Rigging-Penny-Stock-Company-ITAT-taxscan.jpeg "Share Price increased due to Manipulation and Rigging through Penny Stock Company: ITAT upholds Addition [Read Order]")
![Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Affidavit-Assessee-Evidentiary-Value-ITAT-LTCG-ITAT-taxscan.jpeg "Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]")
Long Term Capital Gain from Sale of Shares of Bogus Company: ITAT upholds Disallowance u/s 68 [Read Order]
While upholding the disallowance u/s 68 of the Income Tax Act, the Mumbai Bench of the Income Tax Appellate Tribunal has held that long-term capital gain from the sale of shares of the bogus company....
![Long Term Capital Gain from Sale of Shares of Bogus Company: ITAT upholds Disallowance u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Long-Term-Capital-Gain-sale-of-Shares-bogus-Company-ITAT-Disallowance-Taxscan.jpg "Long Term Capital Gain from Sale of Shares of Bogus Company: ITAT upholds Disallowance u/s 68 [Read Order]")
Income from Penny Stock Transaction, Paid for Purchase of Shares could not be Deducted while computing Undisclosed Cash Income from Transaction in Penny Stock: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT),Mumbai bench held that income from penny stock transactions, paid for purchase of shares could not be deducted while computing undisclosed cash income from...
![Income from Penny Stock Transaction, Paid for Purchase of Shares could not be Deducted while computing Undisclosed Cash Income from Transaction in Penny Stock: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-cash-income-penny-stock-ITAT-taxscan.jpeg "Income from Penny Stock Transaction, Paid for Purchase of Shares could not be Deducted while computing Undisclosed Cash Income from Transaction in Penny Stock: ITAT [Read Order]")
![Shares Invested in Paper Companies: ITAT confirms Disallowance of LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Long-Term-Capital-Gain-Shares-Paper-Companies-ITAT-LTCG-taxscan.jpeg "Shares Invested in Paper Companies: ITAT confirms Disallowance of LTCG [Read Order]")
![ITAT quashes Order since AO has failed to provide the Copies of relied Statements [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Order-AO-reliedStatement-ITAT-TAXSCAN.jpeg "ITAT quashes Order since AO has failed to provide the Copies of relied Statements [Read Order]")
ITAT allows LTCG Claim since Revenue failed to establish link between Transactions and Information from Intelligence Wing & SEBI Report [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the claim for long-term capital gain shall be allowed for the reason that the Revenue failed to establish the link between the...
![ITAT allows LTCG Claim since Revenue failed to establish link between Transactions and Information from Intelligence Wing & SEBI Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-LTCG-Intelligence-Wing-SEBI-Report-Taxscan.jpeg "ITAT allows LTCG Claim since Revenue failed to establish link between Transactions and Information from Intelligence Wing & SEBI Report [Read Order]")
Earnest Money was Forfeited on Cancellation of Land Purchase resulting into Business Loss: ITAT deletes disallowance of Commission
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench allowed the Business Loss in respect of loss on purchase of land or earnest money paid. The assessee, M/s. K.B. Developers is a partnership...
Property ceases to be Business Asset When No Depreciation claimed: ITAT treats Profit and Gain arising out of Sale of Property as LTCG
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench ruled that Property ceases to be a business asset when no depreciation is claimed and profit and gain arising out of sale of property...
