![Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Withdrawal-Amount-Bank-Account-Withdrawal-of-Amount-from-Bank-Account-for-Purchase-of-Property-taxscan.jpg "Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]")
Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 68 of the Income Tax Act 1961 as the amount from bank...
![Capital Gain Exemption u/s 54F of I.T Act shall not be Disallowed if amounts for Purchase of Property and Construction were Paid duly within Relevant Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Capital-Gain-Exemption-Capital-Gain-I.T-Act-Purchase-of-Property-Purchase-of-Construction-ITAT-taxscan.jpg "Capital Gain Exemption u/s 54F of I.T Act shall not be Disallowed if amounts for Purchase of Property and Construction were Paid duly within Relevant Period: ITAT [Read Order]")
![S.56(2)(vii) cannot be Invoked if Property is Purchased for more than Circle Rate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Property-Property-is-Purchased-Circle-Rate-ITAT-taxscan.jpg "S.56(2)(vii) cannot be Invoked if Property is Purchased for more than Circle Rate: ITAT [Read Order]")
![Capital Gain Exemption u/s 54F of Act Allowable for Purchase of Property along with Husband and Son: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Capital-Gain-Exemption-Capital-Gain-Purchase-of-Property-Purchase-of-Property-Property-Husband-and-Son-ITAT-Income-Tax-taxscan.jpg "Capital Gain Exemption u/s 54F of Act Allowable for Purchase of Property along with Husband and Son: 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]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held purchase of property within specified period of one year before sale of capital asset allowable as capital gain exemption...
![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]")
Addition as Unexplained Investment in difference in Value on Purchase of Property without considering Co-owner is not valid: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) ruled that the addition as unexplained investment in difference in value on the purchase of property without considering co-owner is not...
![Addition as Unexplained Investment in difference in Value on Purchase of Property without considering Co-owner is not valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/investment-purchase-of-property-co-owner-ITAT-taxscan-1.jpg "Addition as Unexplained Investment in difference in Value on Purchase of Property without considering Co-owner is not valid: ITAT [Read Order]")
ITAT Confirms Addition in respect of Unexplained Cash Credit since Assessee paid ‘On Money’ for Purchase of Property [Read Order]
The ITAT bench comprising acting judicial member Ravish Sood and vice president P.K. Bansal recently recently held that additions in respect of unexplained cash credit under Section 68 of the Income...
![ITAT Confirms Addition in respect of Unexplained Cash Credit since Assessee paid ‘On Money’ for Purchase of Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "ITAT Confirms Addition in respect of Unexplained Cash Credit since Assessee paid ‘On Money’ for Purchase of Property [Read Order]")