![ITAT quashes Assessment merely based on Interim Order of SEBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Assessment-Interim-Order-of-SEBI-SEBI-Taxscan.jpeg "ITAT quashes Assessment merely based on Interim Order of SEBI [Read Order]")
ITAT quashes Assessment merely based on Interim Order of SEBI [Read Order]
The Income Tax Appellate Tribunal (Delhi) has quashed an assessment which was merely based on Interim order from Securities Exchange Board of India...
![ITAT refuses to delete Addition of Rs.27.39 Crores as Taxable Long Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-long-term-capital-gain-Taxscan.jpeg "ITAT refuses to delete Addition of Rs.27.39 Crores as Taxable Long Term Capital Gain [Read Order]")
![Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Independent-building-residential-house-ITAT-deduction-on-account-long-term-Capital-Gain-Taxscan.jpg "Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]")
![ITAT deletes disallowance made by Assessing Officer against Coffeeday [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-deletes-disallowance-Assessing-Officer-Coffeeday-Taxscan.jpg "ITAT deletes disallowance made by Assessing Officer against Coffeeday [Read Order]")
![ITAT allows Deduction u/s 54F as assessee didn’t own more than one Residential House [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/residential-house-ITAT-Taxscan.jpeg "ITAT allows Deduction u/s 54F as assessee didn’t own more than one Residential House [Read Order]")
![Kolkata Penny Stock Scam: ITAT upholds Addition against Investor [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Stocks-Taxscan.jpg "Kolkata Penny Stock Scam: ITAT upholds Addition against Investor [Read Order]")
Circular on Monetary Limits for Filing Appeals not applicable in case of claiming Bogus LTCG / STCG through Penny Stocks: CBDT [Read Office Memorandum]
The Central Board of Direct Taxes ( CBDT ) has clarified that, circular on monetary limits for filing appeals not applicable in case of claiming bogus Long-Term Capital Gain ( LTCG ) / Short-term...
![Circular on Monetary Limits for Filing Appeals not applicable in case of claiming Bogus LTCG / STCG through Penny Stocks: CBDT [Read Office Memorandum]](https://www.taxscan.in/wp-content/uploads/2018/09/Tax-Appeals-Taxscan.jpg "Circular on Monetary Limits for Filing Appeals not applicable in case of claiming Bogus LTCG / STCG through Penny Stocks: CBDT [Read Office Memorandum]")
![Section 50C can be invoked in the Year in which Sale taken Place: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Cross-Examination-ITAT-Taxscan.jpg "Section 50C can be invoked in the Year in which Sale taken Place: ITAT [Read Order]")
Non-Competent Fee received from sale of Business Asset taxable as Long Term Capital Gain: Bombay HC [Read Judgment]
A two-judge bench of the Bombay High Court has held that the non-competent fee received by the assessee from the sale of the business assets was not assessable as profits of business under Section...
![Non-Competent Fee received from sale of Business Asset taxable as Long Term Capital Gain: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Non-Compete-Fee-Taxscan.jpg "Non-Competent Fee received from sale of Business Asset taxable as Long Term Capital Gain: Bombay HC [Read Judgment]")
Money Laundering can’t be alleged by Mere Producing of Evidence of Share Transactions: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the allegation of money laundering cannot be proved by merely producing the evidence of purchase and sale of shares....
![Money Laundering can’t be alleged by Mere Producing of Evidence of Share Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Black-Money-Tax-Scan.jpg "Money Laundering can’t be alleged by Mere Producing of Evidence of Share Transactions: ITAT [Read Order]")
![Capital Gain from Depreciable Assets is LTCG for claiming Exemption u/s 54: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Taxscan.jpg "Capital Gain from Depreciable Assets is LTCG for claiming Exemption u/s 54: ITAT [Read Order]")
Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that a transaction cannot be treated as bogus only on the basis of the report of Investigation Wing. In the instant case, the...
![Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]")