![Tax Benefit available to Multiple Flats received under Joint Development Agreement even if Assessee already own a Residential House: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Tax-Benefit-Taxscan.jpg "Tax Benefit available to Multiple Flats received under Joint Development Agreement even if Assessee already own a Residential House: ITAT [Read Order]")
Tax Benefit available to Multiple Flats received under Joint Development Agreement even if Assessee already own a Residential House: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore bench has held that the Tax benefit under section 54F of the Income Tax Act is available to...
![Revised Return can be Filed after Receiving Income Tax Notice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Revised-Return-Taxscan.jpg "Revised Return can be Filed after Receiving Income Tax Notice: ITAT [Read Order]")
![No Capital Gain If Sale was to Protect Vendees’ Properties and to settle Legal Disputes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "No Capital Gain If Sale was to Protect Vendees’ Properties and to settle Legal Disputes: ITAT [Read Order]")
![Long Term Capital Gain on Transfer of Equity Shares: Govt Issues Draft Notification [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/02/Long-Term-Capital-Gain-Taxscan.jpg "Long Term Capital Gain on Transfer of Equity Shares: Govt Issues Draft Notification [Read Notification]")
![Wealth Tax can’t be Levied on Sale Consideration of a Property already Computed as Long Term Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "Wealth Tax can’t be Levied on Sale Consideration of a Property already Computed as Long Term Capital Gain: ITAT [Read Order]")
Assessee eligible for Benefit of Sec 54F since Gain on entering into the Development Agreement is LTCG: ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently ruled that Assessee eligible for getting the benefit of section 54F of the Income Tax Act 1961 since the gain on entering into the...
![Assessee eligible for Benefit of Sec 54F since Gain on entering into the Development Agreement is LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/LTCG-Taxscan.jpg "Assessee eligible for Benefit of Sec 54F since Gain on entering into the Development Agreement is LTCG: ITAT [Read Order]")
Date of Possession is Not Material for deciding the Period of Holding to Compute Short Term or Long Term Capital Gain: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) has ruled that date of possession is not material fact for deciding the period of holding to Compute Short Term or Long Term Capital Gain....
![Date of Possession is Not Material for deciding the Period of Holding to Compute Short Term or Long Term Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Date of Possession is Not Material for deciding the Period of Holding to Compute Short Term or Long Term Capital Gain: ITAT [Read Order]")
Booking of Flat with Builder can be treated as ‘Construction of Flat’ for the purpose of Sec 54: ITAT follows CBDT Circular [Read Order]
While hearing the case of Vineet Kumar Kapila, Delhi bench of Income Tax Appellate Tribunal, followed the circular issued by the Central Board of Direct Tax (CBDT), ruled that booking of flat with the...
![Booking of Flat with Builder can be treated as ‘Construction of Flat’ for the purpose of Sec 54: ITAT follows CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flat-Taxscan.jpg "Booking of Flat with Builder can be treated as ‘Construction of Flat’ for the purpose of Sec 54: ITAT follows CBDT Circular [Read Order]")
ITAT Deletes Penalty since Non- offering of LTCG to tax was out of Ignorance of Assessee [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that penalty under section 271(1)(c) of the Income Tax Act 1961 cannot be levied since non-offering of Long Term Capital Gain (LTCG)...
![ITAT Deletes Penalty since Non- offering of LTCG to tax was out of Ignorance of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "ITAT Deletes Penalty since Non- offering of LTCG to tax was out of Ignorance of Assessee [Read Order]")