![ITAT directs to adopt Actual Sale Consideration instead of Stamp Duty Value for calculating Capital Gain Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Actual-Sale-Consideration-Stamp-Duty-Value-Capital-Gain-Tax-taxscan.jpg "ITAT directs to adopt Actual Sale Consideration instead of Stamp Duty Value for calculating Capital Gain Tax [Read Order]")
ITAT directs to adopt Actual Sale Consideration instead of Stamp Duty Value for calculating Capital Gain Tax [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench has been directed to adopt actual sale consideration instead of stamp duty value for...
![Capital Gain cannot arise in respect of a Null and Void Transfer: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/void-transfer-land-Capital-gain-short-term-capital-ITAT-taxscan.jpg "Capital Gain cannot arise in respect of a Null and Void Transfer: ITAT deletes Addition [Read Order]")
![18% GST applicable on Sale of Used Car by Company: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/GST-Sale-of-Used-Car-AAR-Taxscan.jpeg "18% GST applicable on Sale of Used Car by Company: AAR [Read Order]")
![Undisclosed Sale Consideration of Property can only assessable as Capital Gain, not as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Undisclosed-Sale-Consideration-Property-Capital-Gain-Other-Income-ITAT-Taxscan.jpeg "Undisclosed Sale Consideration of Property can only assessable as Capital Gain, not as Other Income: ITAT [Read Order]")
![Assessee couldn’t submit Evidence for Payment of Brokerage for Sale of Property: ITAT allows 1% of Sale Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessee-Payment-Brokerage-Sale-of-Property-ITAT-Sale-Consideration-Taxscan.jpeg "Assessee couldn’t submit Evidence for Payment of Brokerage for Sale of Property: ITAT allows 1% of Sale Consideration [Read Order]")
Once Sale Consideration is Declared as Income by Assessee, further Addition u/s 68 would amount to Double Taxation: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that once the assessee declared the sale consideration on share transaction as its income before the tax authorities, the same cannot...
![Once Sale Consideration is Declared as Income by Assessee, further Addition u/s 68 would amount to Double Taxation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/WhatsApp-Image-2020-06-03-at-11.09.25-AM.jpeg "Once Sale Consideration is Declared as Income by Assessee, further Addition u/s 68 would amount to Double Taxation: ITAT [Read Order]")
Sec 50C can’t be invoked on Brokerage Costs incurred on Sale Consideration by Purchaser: ITAT [Read Order]
The Ahmedabad bench of the ITAT has held that Section 50C of the Income Tax Act, 1961 cannot be invoked in case of brokerage costs incurred on the sale consideration by the purchaser. The assessee,...
![Sec 50C can’t be invoked on Brokerage Costs incurred on Sale Consideration by Purchaser: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Brokkerage-Taxscan.jpg "Sec 50C can’t be invoked on Brokerage Costs incurred on Sale Consideration by Purchaser: ITAT [Read Order]")
Actual Sale Consideration shall be subjected to Tax when an Affidavit Declaration is made by Assessee: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that if assessee had paid tax for the sale consideration shown in the sale deed which is not the actual amount of sale...
![Actual Sale Consideration shall be subjected to Tax when an Affidavit Declaration is made by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Sale-Consideration-Taxscan.jpg "Actual Sale Consideration shall be subjected to Tax when an Affidavit Declaration is made by Assessee: ITAT [Read Order]")
Commission Deducted by Foreign Agent from Sale Consideration can’t enjoy S. 80HHC Benefit: Kerala HC [Read Judgment]
Two judge Bench of the Kerala High Court in The Commissioner of Income Tax, Cochin vs. Parry Agro Industries Ltd. held that the commission deducted by the foreign agent from the sale consideration...
![Commission Deducted by Foreign Agent from Sale Consideration can’t enjoy S. 80HHC Benefit: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Commission-Taxscan.jpg "Commission Deducted by Foreign Agent from Sale Consideration can’t enjoy S. 80HHC Benefit: Kerala HC [Read Judgment]")
Sale consideration of Property seized by IT Department can’t be treated as Amount Invested as per S. 54EC Bond: ITAT [Read Order]
In the case of Jitender Singh Marvaha vs. D.DI.T, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the number of sale proceeds of the property seized by Income Tax...
![Sale consideration of Property seized by IT Department can’t be treated as Amount Invested as per S. 54EC Bond: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/54EC-Bond.jpg "Sale consideration of Property seized by IT Department can’t be treated as Amount Invested as per S. 54EC Bond: ITAT [Read Order]")
Sale Consideration on Agricultural Land after its Conversion to Non-Agricultural Land is Business Income, S. 50C can’t be invoked: ITAT [Read Order]
The ITAT bench comprising Pramod Kumar (AM) and S. S. Godara (JM) recently confirmed that the sale consideration on agricultural land after its conversion to non-agricultural Land constitutes business...
![Sale Consideration on Agricultural Land after its Conversion to Non-Agricultural Land is Business Income, S. 50C can’t be invoked: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Sale-Consideration-Business-Income-Taxscan.jpg "Sale Consideration on Agricultural Land after its Conversion to Non-Agricultural Land is Business Income, S. 50C can’t be invoked: ITAT [Read Order]")
Not SRO, Cost of Construction of Flats by Builder must be treated as Sale Consideration of the Land Owner for Computing Capital Gain: ITAT
In a significant ruling, the ITAT, Hyderabad bench held that for computing Long Term Capital Gain of an assessee who transferred his land under a Joint Development Agreement, the cost of construction...
