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![ITAT quashes Rs.6.99 Crore Presumptive Addition on Share Transfer due to lack of evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Share-Transfer-ITAT-Presumptive-Addition-taxscan.jpg "ITAT quashes Rs.6.99 Crore Presumptive Addition on Share Transfer due to lack of evidence [Read Order]")
ITAT quashes Rs.6.99 Crore Presumptive Addition on Share Transfer due to lack of evidence [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the addition of Rs. 6.99 crore presumptive addition on share transfer due...
![Rebate u/s 87A on STCG from Shares Allowed under New Tax Regime: CIT(A) directs JAO to Verify Claim Again [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/New-Tax-Regime-STCG-Short-Term-Capital-Gain-Section-87A-of-Income-Tax-Act-CITA-directs-JAO-Tax-Regime-CITA-taxscan.jpg "Rebate u/s 87A on STCG from Shares Allowed under New Tax Regime: CIT(A) directs JAO to Verify Claim Again [Read Order]")
![Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Short-Term-Capital-Gain-Assessment-Property-Acquisition-Original-Allotment-ITAT-Overturned-Capital-Gain-taxscan.jpg "Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]")
![Date of Acquisition of New Property must be Date of Possession: ITAT allows Deduction under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Property-tax-Income-tax-act-ITAT-mumbai-New-properties-TAXSCAN.jpg "Date of Acquisition of New Property must be Date of Possession: ITAT allows Deduction under Income Tax Act [Read Order]")
![ITAT confirms Order of AO where Assessee failed to produce Supporting Evidence on Claim of Unsecured Loans [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-order-AO-assessee-produce-supporting-evidence-claim-unsecured-loans-Taxscan.jpeg "ITAT confirms Order of AO where Assessee failed to produce Supporting Evidence on Claim of Unsecured Loans [Read Order]")
ITAT Allows Depreciation Claim by Purchaser under Income Tax on Excess Amount Paid Over & Above Net Asset Value of Seller's Business [Read Order]
The Bangalore Income Tax Appellate Tribunal ( ITAT ) held that once the department has accepted the capital gain offered by the seller upon transfer of its business, then said transaction cannot be...
![ITAT Allows Depreciation Claim by Purchaser under Income Tax on Excess Amount Paid Over & Above Net Asset Value of Sellers Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-ITAT-Bangalore-capital-gain-Depreciation-claims-Purchaser-TAXSCAN.jpg "ITAT Allows Depreciation Claim by Purchaser under Income Tax on Excess Amount Paid Over & Above Net Asset Value of Sellers Business [Read Order]")