![Date of Obtaining absolute Legal Ownership of the Asset not relevant for granting Deduction under Sec 54: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Section-54-Deduction-Taxscan.jpg "Date of Obtaining absolute Legal Ownership of the Asset not relevant for granting Deduction under Sec 54: ITAT [Read Order]")
Date of Obtaining absolute Legal Ownership of the Asset not relevant for granting Deduction under Sec 54: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Ramesh A. Radhakrishnan v. ACIT held that the date of obtaining absolute...
![Capital Gain Exemption can be allowed to House Property acquired in Foreign Countries: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "Capital Gain Exemption can be allowed to House Property acquired in Foreign Countries: ITAT [Read Order]")
![Tax Benefit available to Multiple Flats received under Joint Development Agreement even if Assessee already own a Residential House: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Tax-Benefit-Taxscan.jpg "Tax Benefit available to Multiple Flats received under Joint Development Agreement even if Assessee already own a Residential House: ITAT [Read Order]")
![Sec 54 Benefit available If Re-Investment in Three Plots is for Common Use of Family: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Re-Investment-Taxscan.jpg "Sec 54 Benefit available If Re-Investment in Three Plots is for Common Use of Family: ITAT [Read Order]")
![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]")
Assessee eligible for Benefit of Sec 54F since Gain on entering into the Development Agreement is LTCG: ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently ruled that Assessee eligible for getting the benefit of section 54F of the Income Tax Act 1961 since the gain on entering into the...
![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]
While hearing the case between Raghuram P Nambyar and Assistant Commissioner of Income Tax, Bangalore bench of Income Tax Appellate Tribunal (ITAT) recently held that sharing of cost between husband...
![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]
The New Delhi bench of ITAT comprising Judicial Member Sudhanshu Srivastava and Accountant Member N.K. Saini has said that Assessee eligible for relief under Section 54F of the Income Tax Act since...
![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]")
Purchase of New House in the name of Wife cannot disentitle Husband from Claiming Capital Gain Exemption: ITAT [Read Order]
The Jaipur bench of the ITAT recently ruled that the capital gain exemption under Section 54F of the Income Tax Act, 1961 cannot be denied to husband for the reason that the new house was purchased in...
![Purchase of New House in the name of Wife cannot disentitle Husband from Claiming Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Purchase of New House in the name of Wife cannot disentitle Husband from Claiming Capital Gain Exemption: 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...
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...
