![5% Effective GST applicable after 1/3 Deduction on Sale of Land and Duplex Construction, No ITC Eligible: Odisha AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/sale-of-duplex-construction-Duplex-construction-GST-GST-on-land-sale-Odisha-property-tax-taxscan.jpg "5% Effective GST applicable after 1/3 Deduction on Sale of Land and Duplex Construction, No ITC Eligible: Odisha AAR [Read Order]")
5% Effective GST applicable after 1/3 Deduction on Sale of Land and Duplex Construction, No ITC Eligible: Odisha AAR [Read Order]
The Odisha Authority for Advance Ruling ( AAR ) ruled that sale of land and duplex construction on same land executing two separate agreements...
![ITAT sets aside revision order in the absence of finding error in the order of AO in allowing assessees claim earned from sale of land as being in the nature of capital gains u/s 54EC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-revision-order-order-of-AO-in-allowing-assessees-claim-from-sale-of-land-capital-gain-taxscan.jpg "ITAT sets aside revision order in the absence of finding error in the order of AO in allowing assessees claim earned from sale of land as being in the nature of capital gains u/s 54EC [Read Order]")
![Deduction on Actual cost allowable before imposition of Tax on entire amount received from Sale of land: ITAT directs fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deduction-on-Actual-cost-imposition-of-Tax-Deduction-amount-received-from-Sale-of-land-ITAT-directs-fresh-Adjudication-Sale-of-land-taxscan.jpg "Deduction on Actual cost allowable before imposition of Tax on entire amount received from Sale of land: ITAT directs fresh Adjudication [Read Order]")
![Purchase made out of Advance of Agricultural Property Sale Deductible u/s 54B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Purchase-Agricultural-Property-Sale-Agricultural-Property-Agricultural-Property-Sale-Deductible-ITAT-Income-Tax-taxscan.jpg "Purchase made out of Advance of Agricultural Property Sale Deductible u/s 54B: ITAT [Read Order]")
![No GST on Advances from Prospective Buyers for sale of land with Basic Amenities: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/GST-on-Advances-from-Prospective-Buyers-sale-of-land-Basic-Amenities-AAAR-Taxscan.jpg "No GST on Advances from Prospective Buyers for sale of land with Basic Amenities: AAAR [Read Order]")
ITAT remands back matter to consider pending DVO Report to calculate income from Sale of Land [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench remanded back matter to consider pending District Valuation Officer (DVO) Report to calculate income from sale of land. The assessee, M/s....
![ITAT remands back matter to consider pending DVO Report to calculate income from Sale of Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ITAT-DVO-Report-income-from-sale-of-land-income-sale-of-land-DVO-taxscan-taxnews.jpg "ITAT remands back matter to consider pending DVO Report to calculate income from Sale of Land [Read Order]")
ITAT deletes Penalty Imposed for accepting Cash Payment for Sale of Land: No Sufficient Reasons to show Tax Evasion Attempt [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT), recently deleted the penalty imposed under Section 271D of the Income Tax Act, 1961 as the revenue could not show sufficient reasons to...
![ITAT deletes Penalty Imposed for accepting Cash Payment for Sale of Land: No Sufficient Reasons to show Tax Evasion Attempt [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Penalty-Cash-Payment-Sale-of-Land-Tax-Evasion-taxscan.jpg "ITAT deletes Penalty Imposed for accepting Cash Payment for Sale of Land: No Sufficient Reasons to show Tax Evasion Attempt [Read Order]")
Offering LTCG on Sale of Land by Fresh Cheques, not acceptable on pretext that there is no Cancellation of Registered Sale Deed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that offering Long Term Capital Gain (LTCG) on sale of land by fresh cheques, not acceptable on pretext that there is no cancellation of...
![Offering LTCG on Sale of Land by Fresh Cheques, not acceptable on pretext that there is no Cancellation of Registered Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/LTCG-sale-of-land-cheques-sale-deed-ITAT-taxscan.jpg "Offering LTCG on Sale of Land by Fresh Cheques, not acceptable on pretext that there is no Cancellation of Registered Sale Deed: ITAT [Read Order]")
Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that Capital gain arising from sale of land not receipts from business, thereby deleting penalty imposed under Section 271B of the Income Tax...
![Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Capital-gain-sale-of-land-business-ITAT-penalty-taxscan.jpg "Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]")
![Development Expenditure on Sale of Land not Deductible without Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Development-Expenditure-Sale-of-Land-Deductible-Evidence-ITAT-Taxscan.jpeg "Development Expenditure on Sale of Land not Deductible without Evidence: ITAT [Read Order]")
![Land Owner Promoters can avail GST paid to Developers on Sale of Land: CBIC [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/06/Land-Owner-Promoters-GST-Sale-of-Land-CBIC-Taxscan.jpeg "Land Owner Promoters can avail GST paid to Developers on Sale of Land: CBIC [Read Notification]")
Site Formation and Clearance Services provided as Self-Service before Sale of Land not subject to Service Tax: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the site formation and clearance services provided before the sale of land are not subject to service...
![Site Formation and Clearance Services provided as Self-Service before Sale of Land not subject to Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Service-Tax-Taxscan-..jpg "Site Formation and Clearance Services provided as Self-Service before Sale of Land not subject to Service Tax: CESTAT [Read Order]")