![LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/LTCG-Transfer-of-Share-Company-Tax-ITAT-Taxscan.jpg "LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]")
LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), has held that Long Term Capital Gain (LTCG) arises from the transfer of the share of a...
![Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/assessment-assessee-LTCG-share-transactions-ITAT-taxscan.jpg "Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]")
![Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Affidavit-Assessee-Evidentiary-Value-ITAT-LTCG-ITAT-taxscan.jpeg "Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]")
![Shares Invested in Paper Companies: ITAT confirms Disallowance of LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Long-Term-Capital-Gain-Shares-Paper-Companies-ITAT-LTCG-taxscan.jpeg "Shares Invested in Paper Companies: ITAT confirms Disallowance of LTCG [Read Order]")
![ITAT denies Exemption of LTCG earned on Sale of Shares, Sale proceeds added to Assessee’s Income along with estimated Commission [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/ITAT-LTCG-Taxscan.jpeg "ITAT denies Exemption of LTCG earned on Sale of Shares, Sale proceeds added to Assessee’s Income along with estimated Commission [Read Order]")
Every Taxpayer entitled to arrange his affairs to Lower Down Taxes: ITAT allows set-off of LTCL on Sale of Shares against LTCG on Sale of Property [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) while allowing the set-off of Long Term Capital Loss (LTCL) on sale of shares against Long Term Capital Gain (LTCG) on sale of property...
![Every Taxpayer entitled to arrange his affairs to Lower Down Taxes: ITAT allows set-off of LTCL on Sale of Shares against LTCG on Sale of Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/ITAT-LTCL-sale-of-shares-LTCG-sale-of-property-Taxscan.jpg "Every Taxpayer entitled to arrange his affairs to Lower Down Taxes: ITAT allows set-off of LTCL on Sale of Shares against LTCG on Sale of Property [Read Order]")
ITAT adopts Principles of Consistency and uniformity on Co-owners subjected differently by Revenue Dept. [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad adopted the principle of consistency and uniformity on co-owners who were subjected differently by the Revenue Department as the department denied...
![ITAT adopts Principles of Consistency and uniformity on Co-owners subjected differently by Revenue Dept. [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-principles-of-consistency-Revenue-Department-Taxscan.jpg "ITAT adopts Principles of Consistency and uniformity on Co-owners subjected differently by Revenue Dept. [Read Order]")
Assessee eligible to Claim Exemption on LTCG only If Investment in eligible Bonds is made within 6 months from Transfer of Asset: ITAT
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench while dismissing the appeal of the assessee ruled that the assessee is eligible to claim exemption on Long Term Capital Gains (LTCG) only if...
![Revisional Power excised by CIT(A) based on ‘Cut & Paste’ reasoning Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Revisional-Power-CITA-reasoning-Invalid-ITAT-Taxscan.jpeg "Revisional Power excised by CIT(A) based on ‘Cut & Paste’ reasoning Invalid: ITAT [Read Order]")
Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench held that the reopening of assessment void if condition precedent prescribed under section 147 of the Income Tax Act is not fulfilled. The...
![Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Reopening-Assessment-Condition-Precedent-ITAT-taxscan.jpeg "Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]")
![ITAT allows Capital Gain Exemption as Re-investment was made within Prescribed Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Capital-Gain-Exemption-Re-investment-Prescribed-Period-Taxscan.jpeg "ITAT allows Capital Gain Exemption as Re-investment was made within Prescribed Period [Read Order]")