![AO shall not disallow business loss incurred in share transactions without verifying documents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/AO-disallow-business-loss-share-transactions-documents-ITAT-TAXSCAN.jpg "AO shall not disallow business loss incurred in share transactions without verifying documents: ITAT [Read Order]")
AO shall not disallow business loss incurred in share transactions without verifying documents: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, held that the Assessing Officer should not disallow business loss incurred in share...
![ITAT directs Recomputation of Gain on grounds of AO failing to Treat surplus Amount as Short Term Capital Gain without giving benefit of Indexation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-recomputation-of-gain-AO-failing-to-treat-surplus-amount-as-short-term-capital-gain-benefit-of-indexation-short-term-capital-gain-taxscan.jpg "ITAT directs Recomputation of Gain on grounds of AO failing to Treat surplus Amount as Short Term Capital Gain without giving benefit of Indexation [Read Order]")
![Non-Response on Notice Issued By NFAC due to Lack of Familiarity with ITBA Portal: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Non-Response-on-Notice-I-NFAC-Lack-of-Familiarity-with-ITBA-Portal-ITAT-directs-Readjudication-Notice-Issued-By-NFAC-taxscan.jpg "Non-Response on Notice Issued By NFAC due to Lack of Familiarity with ITBA Portal: ITAT directs Readjudication [Read Order]")
![No Transfer of Asset During year and no Determination of Short Term Capital Gain and Loss: ITAT allows Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/transfer-of-assetc-short-term-capital-gain-Short-term-Capital-loss-ITAT-allows-depreciation-taxscan.jpg "No Transfer of Asset During year and no Determination of Short Term Capital Gain and Loss: ITAT allows Depreciation [Read Order]")
![Receipt from Conversion of Agricultural Land into Non-Agricultural Purpose is “Business Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Agricultural-Land-Business-Income-ITAT-Conversion-of-Agricultural-Land-taxscan.jpg "Receipt from Conversion of Agricultural Land into Non-Agricultural Purpose is “Business Income”: ITAT [Read Order]")
Non-resident FII can claim benefit of Article13(4) of DTAA for entire Current Year Short/Long Term Capital Gains: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), held that Non-resident FII can claim benefit of Article13(4) of DTAA for entire current year Short or Long-Term Capital Gains. The...
![Non-resident FII can claim benefit of Article13(4) of DTAA for entire Current Year Short/Long Term Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Non-resident-FII-claim-benefit-DTAA-Long-Term-Capital-Gains-ITAT-taxscan.jpg "Non-resident FII can claim benefit of Article13(4) of DTAA for entire Current Year Short/Long Term Capital Gains: ITAT [Read Order]")
Benefit under Vivad Se Vishwas Scheme is Optional: Calcutta HC condones Delay in Appeals filed by Revenue in Rs. 38,000 Cr Penny Stock Scam [Read Order]
A division bench of the Calcutta High Court, while condoning the delay in a bunch of appeals filed by the Revenue, has held that the benefit provided under the Direct Tax Vivad Se Vishwas Scheme is...
![Benefit under Vivad Se Vishwas Scheme is Optional: Calcutta HC condones Delay in Appeals filed by Revenue in Rs. 38,000 Cr Penny Stock Scam [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Vivad-Se-Vishwas-Scheme-Calcutta-HC-Appeals-Revenue-Penny-Stock-Scam-taxscan.jpg "Benefit under Vivad Se Vishwas Scheme is Optional: Calcutta HC condones Delay in Appeals filed by Revenue in Rs. 38,000 Cr Penny Stock Scam [Read Order]")
Benefit under Vivad Se Vishwas Scheme is Optional: Calcutta HC condones Delay in Appeals filed by Revenue in Rs. 38,000 Crores Penny Stock Scam [Read Order]
A division bench of the Calcutta High Court, while condoning the delay in a bunch of appeals filed by the Revenue, has held that the benefit provided under the Direct Tax Vivad Se Vishwas Scheme is...
![Benefit under Vivad Se Vishwas Scheme is Optional: Calcutta HC condones Delay in Appeals filed by Revenue in Rs. 38,000 Crores Penny Stock Scam [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Vivad-Se-Vishwas-Scheme-Calcutta-hc-Appeals-Revenue-Penny-Stock-Scam-taxscan.jpeg "Benefit under Vivad Se Vishwas Scheme is Optional: Calcutta HC condones Delay in Appeals filed by Revenue in Rs. 38,000 Crores Penny Stock Scam [Read Order]")
Circular on Monetary Limits for Filing Appeals not applicable in case of claiming Bogus LTCG / STCG through Penny Stocks: CBDT [Read Office Memorandum]
The Central Board of Direct Taxes ( CBDT ) has clarified that, circular on monetary limits for filing appeals not applicable in case of claiming bogus Long-Term Capital Gain ( LTCG ) / Short-term...
![Circular on Monetary Limits for Filing Appeals not applicable in case of claiming Bogus LTCG / STCG through Penny Stocks: CBDT [Read Office Memorandum]](https://www.taxscan.in/wp-content/uploads/2018/09/Tax-Appeals-Taxscan.jpg "Circular on Monetary Limits for Filing Appeals not applicable in case of claiming Bogus LTCG / STCG through Penny Stocks: CBDT [Read Office Memorandum]")
Stock-in-Trade can be considered as Transferred only in year in which Assessee had ‘executed the Sale Deed Transferring the Stock-in-Trade’: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) in the case of Shri Challa Ramakrishna Anantapur v. ACIT held that under Section 45(2) stock-in-trade can be considered as transferred only...
![Stock-in-Trade can be considered as Transferred only in year in which Assessee had ‘executed the Sale Deed Transferring the Stock-in-Trade’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Stock-in-Trade.jpg "Stock-in-Trade can be considered as Transferred only in year in which Assessee had ‘executed the Sale Deed Transferring the Stock-in-Trade’: ITAT [Read Order]")
![Capital Gain Taxable when accrued to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Taxscan.jpg "Capital Gain Taxable when accrued to Assessee: ITAT [Read Order]")
Sec 54 Benefit allowable for Investment made in New Residential Property within One year before Sale of Old Asset: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) reversed the decision of lower appellate authority in restricting the deduction under Section 54 of Income Tax Act regarding investment made...
![Sec 54 Benefit allowable for Investment made in New Residential Property within One year before Sale of Old Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Residential-Property-ITAT-Taxscan.jpg "Sec 54 Benefit allowable for Investment made in New Residential Property within One year before Sale of Old Asset: ITAT [Read Order]")