![ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Income-on-sale-of-shares-of-company-LTCG-Taxscan.jpg "ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]")
ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore, on February 5, Income on sale of shares of a company merged should be treated as Long Term...
![Lower Tax Authorities can’t sustain addition without any cogent material on record: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Lower-Tax-Authorities-cogent-material-on-record-Delhi-High-Court-Taxscan-1.jpg "Lower Tax Authorities can’t sustain addition without any cogent material on record: Delhi High Court [Read Judgment]")
![LTCG to be computed on the basis of Guidance Value of Property as on date of Sale Agreement, not on date of Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/LTCG-guidance-value-of-property-Sale-Agreement-Sale-Deed-ITAT-Taxscan.jpeg "LTCG to be computed on the basis of Guidance Value of Property as on date of Sale Agreement, not on date of Sale Deed: ITAT [Read Order]")
![Delhi High Court deletes addition of alleged Bogus LTCG on Penny Stocks [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Delhi-High-Court-alleged-bogus-LTCG-penny-stocks-Taxscan.jpeg "Delhi High Court deletes addition of alleged Bogus LTCG on Penny Stocks [Read Judgment]")
Income Tax Search and Seizure & Income Tax Settlement Commission (ITSC)- Detection of any undisclosed income subsequent to the final order of ITSC
Introduction:- Chapter XIX - A of Income Tax Act, 1961 provides for settlement of cases. Income Tax Settlement Commission was set up in the year 1976 on the recommendation of the Direct Tax...
Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Banglore Bench held that the capital gain deduction is allowable for eight flats received under Joint Venture Agreement. The assessee, Maurice Patrick De...
![Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Capital-Gain-Deduction-Flats-Joint-Venture-Agreement-ITAT-Taxscan.jpg "Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]")
Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]
The Madras High court said that the Income Tax Appellate Tribunal (ITAT) wrongly held the transfer of shares by the assessee to its wholly-owned subsidiary is to be considered as a Gift. The...
![Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Transfer-of-shares-subsidiary-Gift-Circular-transaction-avoid-tax-Madras-High-Court-Taxscan.jpg "Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]")
ITAT deletes addition of alleged Long-Term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim [Read Order]
The Income Tax Appellate Tribunal (ITAT) deleted the addition of alleged long-term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim. The assessees being...
![ITAT deletes addition of alleged Long-Term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Long-Term-Capital-Gains-Taxscan.jpg "ITAT deletes addition of alleged Long-Term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim [Read Order]")
Start-up Funding likely to get attractive: Parliamentary panel Suggests Abolishing LTCG Tax on Start-up Investments
The Standing Committee on Finance chaired by BJP leader Jayant Sinha has “strongly recommended” to the Centre to abolish tax on Long Term Capital Gains (LTCG) for all investments in startups. In a...
![CBDT notifies Cost Inflation Index for FY 2020-21 as 301 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/06/Cost-Inflation-Index-CII-Taxscan.jpg "CBDT notifies Cost Inflation Index for FY 2020-21 as 301 [Read Notification]")
Brand Name, Trademark, Know-How are Assets for the purpose of Computing Capital Gain: ITAT Read Order]
The Cochin bench of the Income Tax Appellate Tribunal (ITAT) has held that assets like brand name, know-how, trademark, etc, can be treated as assets for the purpose of computing the capital gain...
![Brand Name, Trademark, Know-How are Assets for the purpose of Computing Capital Gain: ITAT Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-9-4-1.jpg "Brand Name, Trademark, Know-How are Assets for the purpose of Computing Capital Gain: ITAT Read Order]")