![No Addition of LTCG can be made u/s 69A on Account of Alleged Unexplained Investment in Jewellery: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-addition-of-LTCG-account-of-alleged-unexplained-investment-in-jewellery-ITAT-TAXSCAN.jpg "No Addition of LTCG can be made u/s 69A on Account of Alleged Unexplained Investment in Jewellery: ITAT [Read Order]")
No Addition of LTCG can be made u/s 69A on Account of Alleged Unexplained Investment in Jewellery: ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal(ITAT) held that addition of long term capital gain can be made by the assessing officer under...
![ITAT deletes Long Term Capital Gains Addition on Forfeited Advance Amount without Transfer of Capital Asset [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Long-Term-Capital-Gains-ITAT-Long-Term-Capital-Gains-Forfeited-Advance-Amount-Advance-Amount-Transfer-of-Capital-Asset-Capital-Asset-Taxscan.jpg "ITAT deletes Long Term Capital Gains Addition on Forfeited Advance Amount without Transfer of Capital Asset [Read Order]")
![Capital Gain Exemption u/s 54 cannot be Denied on Acquiring New House Property in the Name of Wife: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Exemption-House-Property-Wife-ITAT-TAXSCAN.jpg "Capital Gain Exemption u/s 54 cannot be Denied on Acquiring New House Property in the Name of Wife: ITAT [Read Order]")
![Purchase of Property within Specified Period of One year before Sale of Capital Asset Allowable as Capital Gain exemption u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Purchase-of-Property-Specified-Period-of-One-year-before-Sale-of-Capital-Asset-Capital-Gain-exemption-ITAT-Taxscan.jpg "Purchase of Property within Specified Period of One year before Sale of Capital Asset Allowable as Capital Gain exemption u/s 54F: ITAT [Read Order]")
![Capital Gains derived from Sale of Property set off under current year Business Loss: ITAT upholds Disallowance of Loss on account of write-off Inventory of Cotton [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gains-Business-Loss-ITAT-upholds-Disallowance-of-Loss-on-account-of-write-off-Inventory-of-Cotton-TAXSCAN.jpg "Capital Gains derived from Sale of Property set off under current year Business Loss: ITAT upholds Disallowance of Loss on account of write-off Inventory of Cotton [Read Order]")
ITAT directs to adopt Actual Sale Consideration instead of Stamp Duty Value for calculating Capital Gain Tax [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench has been directed to adopt actual sale consideration instead of stamp duty value for calculating Capital gain tax. The appellant, Shri...
![ITAT directs to adopt Actual Sale Consideration instead of Stamp Duty Value for calculating Capital Gain Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Actual-Sale-Consideration-Stamp-Duty-Value-Capital-Gain-Tax-taxscan.jpg "ITAT directs to adopt Actual Sale Consideration instead of Stamp Duty Value for calculating Capital Gain Tax [Read Order]")
Notice u/s 148 A can’t sustain if it was issued by Violation of Natural Justice Principle: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court has held that notice u/s 148A can’t sustain if it was issued by violation of the natural justice principle and quashed the notice issued by the AO. The...
![Notice u/s 148 A can’t sustain if it was issued by Violation of Natural Justice Principle: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Delhi-High-Court-Notice-violation-natural-justiceprinciple-HC-taxscan.jpeg "Notice u/s 148 A can’t sustain if it was issued by Violation of Natural Justice Principle: Delhi HC [Read Order]")
ITAT allows Deduction on Share of Freehold Conversion Charges, Stamp Duty etc. for converting property into freehold [Read Order]
The Income Tax Appellate Tribunal (ITAT), Allahabad Bench allowed the deduction on share of freehold conversion charges, stamp duty etc. for converting property into freehold. The assessee claimed...
![ITAT allows Deduction on Share of Freehold Conversion Charges, Stamp Duty etc. for converting property into freehold [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-deduction-on-share-of-freehold-conversion-charges-stamp-duty-converting-property-into-freehold-Taxscan.jpeg "ITAT allows Deduction on Share of Freehold Conversion Charges, Stamp Duty etc. for converting property into freehold [Read Order]")
ITAT deletes addition of Long Term Capital Gains as Undisclosed Income by treating it as Bogus [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted the addition of long-term capital gains as undisclosed income by treating it as bogus. The assessee challenged the validity of...
![ITAT deletes addition of Long Term Capital Gains as Undisclosed Income by treating it as Bogus [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-long-term-capital-gains-undisclosed-income-bogus-Taxscan.jpg "ITAT deletes addition of Long Term Capital Gains as Undisclosed Income by treating it as Bogus [Read Order]")
Deduction u/s 54 can’t be denied for non-completion of construction of new residential house within 3 years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the deduction under Section 54 can not be denied for non-completion of construction of a new residential house within 3 years. ...
![Deduction u/s 54 can’t be denied for non-completion of construction of new residential house within 3 years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Deduction-construction-residential-house-ITAT-Taxscan.jpg "Deduction u/s 54 can’t be denied for non-completion of construction of new residential house within 3 years: ITAT [Read Order]")
Capital Gains from Penny Stocks can’t be treated as Bogus if Revenue does not prove that there is a Scam: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Navneet Agarwal v. ITO holding in favour of the assessee adjudicated that her involvement in the scam should be...
![Capital Gains from Penny Stocks can’t be treated as Bogus if Revenue does not prove that there is a Scam: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Capital-Gain-Tax-Taxscan.jpg "Capital Gains from Penny Stocks can’t be treated as Bogus if Revenue does not prove that there is a Scam: ITAT [Read Order]")