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Sale Consideration

Sale Consideration not Received by Assessee: ITAT upholds Deletion of Additions [Read Order]

Saagarika Gopinath

The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) in a recent ruling upheld the decision of the Commissioner of Income Tax (Appeals)...

AO cannot make Income Additions Solely based on Retracted Statement of Third-Parties: ITAT [Read...

Gujarat High Court - Stamp Authorities - Sale Consideration - Sale Consideration for Transfer of Immovable Property - Taxscan

Stamp Authorities not Empowered to Levy Duty Twice on Same Sale Consideration for Transfer of...

Accepting stamp authority valuation not proof of incorrect sale consideration: ITAT removes penalty...

Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration...

No Addition shall be made towards part of amount received from Construction Activities in Villa based on total Sale Consideration: ITAT directs Re-adjudication [Read Order]

The Income Tax Appellate Tribunal (ITAT) Hyderabad bench held that no addition should be made towards part of amount received from the construction activities in Villa based on total sale...

Sale Consideration of Agricultural Land Assessed to Tax without Adjusting the Cost of Acquisition: Delhi HC dismisses Petition, Directs to Seek Statutory Remedy [Read Order]

The Delhi High Court directed to seek statutory remedy on the allegation that the sale consideration of agricultural land was assessed to tax without adjusting the cost of acquisition. Om Parkash,...

Unexplained Money u/s 69A Received Back through Banking Channel as Sale Consideration of Shares: ITAT Upholds Addition u/s 115BBE [Read Order]

The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has recently, in an appeal filed before it, on finding that unexplained money under section 69A was received back through banking channel as...

Addition u/s 43CA on absence of Evidence for Receipt of Money in addition to Sale Consideration is invalid: ITAT [Read Order]

Income Tax Appellate Tribunal (ITAT), New Delhi held that Addition u/s 43CA on absence of evidence for receipt of money in addition to sale consideration is invalid. The assessee Company, M/s....

Sale Consideration of Software Products not Taxable as Royalty under Article 12 of India-Singapore DTAA: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, while deciding an appeal filed before it, held that sale consideration of software products is not taxable as royalty under...

Sale Consideration not accruing to the Assessee in the Year under Consideration but Extending to Many Years, not to be Computed as Short-Term Capital Gains: ITAT

The Income Tax Appellate Tribunal “SMC” Bench, Pune, has, while jointly considering two appeals filed on the same ground bydifferent assessees, held that sale consideration not accruing to the...

Capital Gain Deduction allowable to Separate Independent Residential Units on a Single piece of Land: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 is allowable to separate independent liveable...