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![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]")
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...
![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]")
![Forex Loss, being ‘Capital’ in nature cannot be Set Off against the any Income under the IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Forex Loss, being ‘Capital’ in nature cannot be Set Off against the any Income under the IT Act: ITAT [Read Order]")
Sale Consideration of Equity Shares held by assessee for 16 years is ‘Long Term Capital Gain’, Not ‘Business Income’: Allahabad HC
Recently, in CIT v. M/S Jindal Poly Films Ltd, the division bench of the Allahabad High Court held that income received on the sale of Equity shares held by assessee for about 16 years is ‘Long Term...
