![No Income Escapment when Assessee paid STCG and LTCG: Gujarat HC quashes Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Escapment-Assessee-paid-STCG-and-LTCG-STCG-and-LTCG-LTCG-Gujarat-High-Court-Gujarat-High-Court-quashes-Reassessment-Order-Reassessment-Order-taxscan.jpg "No Income Escapment when Assessee paid STCG and LTCG: Gujarat HC quashes Reassessment Order [Read Order]")
No Income Escapment when Assessee paid STCG and LTCG: Gujarat HC quashes Reassessment Order [Read Order]
The High Court of Gujarat quashed the reassessment order as there was no income escapement when the assessee paid Short Term Capital Gain (STCG) and...
![Claim of LTCG Not Allowable when Transactions of Transfer of Land does not Falls Within Ambit of Section 45 of Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Claim-LTCG-Allowable-Transactions-Transfer-Land-Ambit-Income-Tax-Act-TAXSCAN.jpg "Claim of LTCG Not Allowable when Transactions of Transfer of Land does not Falls Within Ambit of Section 45 of Income Tax Act : ITAT [Read Order]")
![Claim of LTCG u/s 10(38) of Income Tax Act Rejected due to Non submission of Documents: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-LTCG-Income-Tax-Act-Rejected-due-Non-submission-Documents-ITAT-TAXSCAN.jpg "Claim of LTCG u/s 10(38) of Income Tax Act Rejected due to Non submission of Documents: ITAT Quashes Order [Read Order]")
![Maintenance & Electricity Charges not in the form of Deposits excluded from Cost of Property for computing LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Maintenance-and-Electricity-Charges-Deposits-Cost-of-Property-for-computing-LTCG-Cost-of-Property-LTCG-ITAT-taxscan.jpg "Maintenance & Electricity Charges not in the form of Deposits excluded from Cost of Property for computing LTCG: ITAT [Read Order]")
![Claim of exemption u/s 10(38) of IT Act for LTCG from sale of equity shares before assessment proceedings is valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/for-LTCG-from-sale-of-equity-shares-before-assessment-proceedings-is-valid-ITAT-TAXSCAN.jpg "Claim of exemption u/s 10(38) of IT Act for LTCG from sale of equity shares before assessment proceedings is valid: 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 Section 69A of Income Tax Act, 1961 on account of...
![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]")
Addition of LTCG by invoking S. 50(c) of Income Tax Act without retrospective effect is invalid : ITAT directs Re-adjudication[Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that the addition of long term capital gain by invoking section 50(c) of the Income Tax Act 1961 which does not carry retrospective effect...
![Addition of LTCG by invoking S. 50(c) of Income Tax Act without retrospective effect is invalid : ITAT directs Re-adjudication[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-us-50C-of-Income-Tax-Act-based-on-SVAs-Overvaluation-of-Capital-Gain-Sale-Consideration-ITAT-directs-Readjudication-TAXSCAN.jpg "Addition of LTCG by invoking S. 50(c) of Income Tax Act without retrospective effect is invalid : ITAT directs Re-adjudication[Read Order]")
No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]
The Delhi bench of Income tax appellate tribunal (ITAT) quashed the assessment order and penalty which was passed by Deputy Commissioner of Income Tax (DCIT) and held that No addition could be made...
![No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Addition-on-Unaccounted-Income-No-Addition-Unaccounted-Income-Income-Inclusion-of-Sale-of-Jewellery-LTCG-ROI-ITAT-quashes-Assessment-Order-and-Penalty-taxscan.jpg "No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]")
Loss from Sale of Shares and Mutual Funds on which STT paid can't be set off against LTCG arising out as per S.70(3): ITAT [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Loss from the sale of shares and mutual fundson which Securities Transaction Tax (STT) paid can't be...
![Loss from Sale of Shares and Mutual Funds on which STT paid cant be set off against LTCG arising out as per S.70(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-of-Shares-Mutual-Funds-STT-LTCG-ITAT-taxscan.jpg "Loss from Sale of Shares and Mutual Funds on which STT paid cant be set off against LTCG arising out as per S.70(3): ITAT [Read Order]")
![No Evidence to prove lack of ownership: ITAT upholds order of CIT(A) accepting LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Evidence-ITAT-CITA-LTCG-taxscan.jpg "No Evidence to prove lack of ownership: ITAT upholds order of CIT(A) accepting LTCG [Read Order]")
AO failed to enquire about bogus Transactions of Earning LTCG from Penny Stock Companies: ITAT upholds Revisional Order [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the revisional order when the Assessing Officer (AO) failed to enquire about bogus Transactions of earning long-term capital...
![AO failed to enquire about bogus Transactions of Earning LTCG from Penny Stock Companies: ITAT upholds Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/bogus-Transactions-LTCG-Penny-Stock-Companies-Penny-Stock-ITAT-Revisional-Order-enquire-taxscan.jpg "AO failed to enquire about bogus Transactions of Earning LTCG from Penny Stock Companies: ITAT upholds Revisional Order [Read Order]")
![Income Tax Authorities should Charge Legitimate Taxes from Taxpayers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Authorities-Charge-Legitimate-Taxes-Taxpayers-ITAT-Taxscan.jpg "Income Tax Authorities should Charge Legitimate Taxes from Taxpayers: ITAT [Read Order]")