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LTCG

Should You Form HUF for Tax Planning? Pros, Cons & Eligibility [Q&A]

Kavi Priya

In recent years, tax planning has become tougher. The government has tightened many traditional tax-saving routes, reduced exemptions, and pushed...

LTCG Derived Exclusive from Equity Shares and Equity-Oriented Mutual Funds only Exempted u/s 10(38):...

Boundary Wall & Land-Filling Costs allowed as Genuine Devt. Expenses: ITAT Partly allows LTCG Claim...

Misclassification of Real Estate Income as LTCG u/s 50C: ITAT Remands ₹21.24 Lakh Addition for Fresh...

ITAT Decision to uphold Higher 22% LTCG u/s 115BAA on Domestic Company raises Eyebrows [Read Order]

Indexation Benefit on LTCG Available Only from Date of Builder Buyer Agreement, Not Provisional Allotment: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court held that indexation on long-term capital gains begins only from the date of the Builder Buyer Agreement and not from the date of provisional allotment. ...

ITAT Applies Test of Human Probabilities, Rejects ₹84.8 Lakh Penny Stock LTCG Claim as ‘Unnatural and Pre-Arranged’ [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition of Rs. 84,79,100 after rejecting the assessee’s claim of long-term capital gains (LTCG) on penny stock transactions, ...

Adjustment of ₹31.22 Lakh to LTCG: ITAT Remands Case to CIT(A) With One Final Opportunity [Read Order]

The Visakhapatnam Bench of Income Tax Appellate Tribunal (ITAT ) remanded the matter to the Commissioner of IncomeTax (Appeals)[CIT(A)] with one final opportunity after noting an adjustment of ...

Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the long-term capital gains (LTCG) from sale of shares allotted pursuant to a demerger scheme were genuine, as the assessee...

Indexation from Date of Agreement, Not Possession: ITAT Grants Relief to NRI Assessee in Long-Term Capital Gains Dispute [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of non-resident Indian (NRI) Braj Kishore Singh, directing the Assessing Officer (AO) to consider the date of ...

Ownership of Property in Individual Capacity of Partners Cannot Be Considered For LTCG To Their Partnership Firm: ITAT [Read Order]

The Nagpur Bench of Income Tax Appellate Tribunal ( ITAT ) held that ownership of property in individual capacity of partners cannot be considered for Long TermCapital Gains ( LTCG )for taxing their...

Claim of LTCG Exemption from Penny Stock Transactions Found Bogus: ITAT Upholds Disallowance [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the disallowance of ₹55.52 lakh claimed as Long Term Capital Gains (LTCG) exemption by the assessee, after finding the...