![S. 54F Benefit not available If Construction Work Precedes Transfer of Immovable Property: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Construction-Work-Taxscan.jpg "S. 54F Benefit not available If Construction Work Precedes Transfer of Immovable Property: Gujarat HC [Read Judgment]")
S. 54F Benefit not available If Construction Work Precedes Transfer of Immovable Property: Gujarat HC [Read Judgment]
In Ushaben Jayantilal Sodhan Vs. Income Tax Officer, the Gujarat High Court held that the benefit under Section 54F of the Income Tax Act, 1961 could...
![Assessee eligible for Benefit of Sec 54F since Gain on entering into the Development Agreement is LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/LTCG-Taxscan.jpg "Assessee eligible for Benefit of Sec 54F since Gain on entering into the Development Agreement is LTCG: ITAT [Read Order]")
![Sharing of Cost b/w Husband and Wife Irrelevant for S. 54F: ITAT Denies Capital Gain Exemption to Wife since Husband is Legal Owner as per Sale Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Sharing of Cost b/w Husband and Wife Irrelevant for S. 54F: ITAT Denies Capital Gain Exemption to Wife since Husband is Legal Owner as per Sale Deed [Read Order]")
![Assessee eligible for Sec 54F Relief since Construction of New House Property completed within three years from Date of Transfer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/House-Property-Taxscan.jpg "Assessee eligible for Sec 54F Relief since Construction of New House Property completed within three years from Date of Transfer: ITAT [Read Order]")
ITAT rejects Assessee’s Plea of ‘Wrong Legal Opinion’ since She is a Director of a Company [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal rejected the Assessee’s Plea of ‘wrong legal opinion’ since she is a Director of a Company. The assessee had invested in Port Folio Management...
![ITAT rejects Assessee’s Plea of ‘Wrong Legal Opinion’ since She is a Director of a Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT rejects Assessee’s Plea of ‘Wrong Legal Opinion’ since She is a Director of a Company [Read Order]")
Assessee is entitled to Exemption u/s 54 even if he holds more than one Residential Property: ITAT [Read Order]
Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that an assessee is entitled to claim exemption under section 54F of the Income Tax Act even if he holds more than one residential...
![Assessee is entitled to Exemption u/s 54 even if he holds more than one Residential Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Assessee is entitled to Exemption u/s 54 even if he holds more than one Residential Property: 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...
Date of Final Occupation should be considered for Calculating the period of eligibility for Capital Gain Exemption: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), recently held that it is the date of possession of a new house, and not that of the purchase/sale agreement, will be considered...
![Date of Final Occupation should be considered for Calculating the period of eligibility for Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Taxscan.jpg "Date of Final Occupation should be considered for Calculating the period of eligibility for Capital Gain Exemption: ITAT [Read Order]")
Assessee can avail the benefit of Capital Gain Exemption if Provisional Possession of the New Property is transferred within 2 Years: Delhi ITAT
The Delhi ITAT, in a significant ruling, held that assessee can avail the benefit of capital gain exemption if provisional possession of the new property was transferred within two years of disposal...
Cost incurred on Alteration / Renovation on the purchased unit is Eligible for Capital Gain Exemption u/s 54F: ITAT Bengaluru
In a significant ruling delivered on Friday, a division bench of the ITAT Bengaluru held that the benefit of section 54F of the Income Tax Act, 1961 can be extended to the cost incurred by the...
Trust formed for Sole Benefit of an individual is an ‘Individual’ for the purpose of IT Act: ITAT allows reief u/s 54F [Read Order]
The Mumbai bench of the ITAT, in Balgopal Trust v. ACIT, held that a trust which is for the sole benefit of an individual, has to be assessed as an “individual” and not as an “AOP” under the...
![Trust formed for Sole Benefit of an individual is an ‘Individual’ for the purpose of IT Act: ITAT allows reief u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/deduction-Section-54F-Taxscan.jpg "Trust formed for Sole Benefit of an individual is an ‘Individual’ for the purpose of IT Act: ITAT allows reief u/s 54F [Read Order]")