![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]")
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...
![Portfolio Management Services Fee is deductible from Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Portfolio-Management-Services-Capital-Gain-Taxscan.jpg "Portfolio Management Services Fee is deductible from Capital Gain: ITAT [Read Order]")
![Gain from Sale is Business Income If Assessee followed Stock Market Trend: Bombay HC rejects House Wife’s Plea [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Gain from Sale is Business Income If Assessee followed Stock Market Trend: Bombay HC rejects House Wife’s Plea [Read Judgment]")
![Income from Sale of Plots under a Business Project is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Sale-Plots-Taxscan.jpg "Income from Sale of Plots under a Business Project is Business Income: ITAT [Read Order]")
![Frequent Transactions in Shares won’t Constitute ‘Business’ If Assessee treated the same as ‘Investment’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Capital-Gain-Sale-of-SHares-Taxscan.jpg "Frequent Transactions in Shares won’t Constitute ‘Business’ If Assessee treated the same as ‘Investment’: ITAT [Read Order]")
Payment in relation with Security Transactions by a Sub-Broker not liable to TDS u/s 194H: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) has held that, Payment in relation with Security Transactions by a Sub-Broker not liable to Tax Deduction at Source ( TDS ) under Section...
![Payment in relation with Security Transactions by a Sub-Broker not liable to TDS u/s 194H: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Security-Transactions-TDS-Taxscan.jpg "Payment in relation with Security Transactions by a Sub-Broker not liable to TDS u/s 194H: ITAT [Read Order]")
Date of Possession is Not Material for deciding the Period of Holding to Compute Short Term or Long Term Capital Gain: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) has ruled that date of possession is not material fact for deciding the period of holding to Compute Short Term or Long Term Capital Gain....
![Date of Possession is Not Material for deciding the Period of Holding to Compute Short Term or Long Term Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Date of Possession is Not Material for deciding the Period of Holding to Compute Short Term or Long Term Capital Gain: ITAT [Read Order]")
Receipts from Share Transaction through Portfolio Manager is not ‘Business Income’: ITAT [Read Order]
In Shonaben Jayesh Parikh v. ACIT, the Ahmedabad ITAT held that the income received from purchase/sale of shares through Portfolio Manager cannot be treated as business income where assessee has least...
![Receipts from Share Transaction through Portfolio Manager is not ‘Business Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Receipts from Share Transaction through Portfolio Manager is not ‘Business Income’: ITAT [Read Order]")
Income from Sale & Purchase of Shares cannot be treated as ‘Capital Gain’ when Assessee is engaged in Share Trading: ITAT Ahmedabad
In ITO v. Manusi Securities Pvt. Ltd, the division bench of the ITAT Ahmedabad held that the income from sale & purchase of shares of a Company trading in securities is taxable under “Business...
Income from Transaction of Securities held by the assessee for not more than one year is ‘Short Term Capital Gain’, not ‘Business Income’: ITAT Mumbai [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal, in a recent ruling held that the income earned by the assessee from sale of shares held by him for a period not more than one year should not be...
Profit arising out of Sale & Purchase of Shares as “Short Term Capital Gain”, not “Business Income”: ITAT Mumbai [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal, has recently ruled that the income/profit earned by the assessee from the sale and purchase of shares must be treated as “Captal Gain” and not as...
It is immaterial whether the corresponding Gain is a Short Term Capital Gain by virtue of deeming fiction: ITAT Mumbai [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal has recently observed that it is immaterial whether the corresponding gain is a short term capital gain by virtue of deeming fiction under section...
![It is immaterial whether the corresponding Gain is a Short Term Capital Gain by virtue of deeming fiction: ITAT Mumbai [Read Order]](/images/placeholder.jpg "It is immaterial whether the corresponding Gain is a Short Term Capital Gain by virtue of deeming fiction: ITAT Mumbai [Read Order]")