Karnataka Assembly passes Stamp Duty Amendment Bill, hikes Duties on Amalgamations and Mergers
The 2023 amendment to the Karnataka Stamp Duty Bill proposes a substantial increase in stamp duty rates for amalgamations or demergers, with a duty...
![ITAT directs AO to consider stamp duty value on date of Letter of Allotment for making addition u/s 56(2)(vii)(b) I.T Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-AO-stamp-duty-Letter-of-Allotment-I.T-Act-ITAT-directs-AO-to-consider-stamp-duty-value-taxscan.jpg "ITAT directs AO to consider stamp duty value on date of Letter of Allotment for making addition u/s 56(2)(vii)(b) I.T Act [Read Order]")
![Non delivery of possession to the purchaser by the date of filing of suit proves provisions U/S 2(47) not being applicable: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-delivery-possession-purchaser-date-of-filing-suit-proves-provisions-applicable-ITAT-order-CITA-TAXSCAN.jpg "Non delivery of possession to the purchaser by the date of filing of suit proves provisions U/S 2(47) not being applicable: ITAT upholds order of CIT(A) [Read Order]")
Reduced rate of Stamp Duty allowable to Lease Deed on which Rent is fixed and Premium is not paid or Delivered: Rajasthan HC [Read Order]
In a significant case, the Rajasthan High Court held that the reduced rate of stamp duty is allowable to lease deeds on which rent is fixed and premium is not paid or delivered. The State...
![Reduced rate of Stamp Duty allowable to Lease Deed on which Rent is fixed and Premium is not paid or Delivered: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reduced-rate-of-Stamp-Duty-Lease-Deed-Rent-is-fixed-and-Premium-is-not-paid-or-Delivered-Rajasthan-HC-TAXSCAN.jpg "Reduced rate of Stamp Duty allowable to Lease Deed on which Rent is fixed and Premium is not paid or Delivered: Rajasthan HC [Read Order]")
Stamp Duty Valued as Full Value of Consideration u/s 50C(1): ITAT directs Re-Computation of Capital Gains [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed the re-computation of capital gain as the stamp duty was valued as full value of the consideration by invoking the provisions...
![Stamp Duty Valued as Full Value of Consideration u/s 50C(1): ITAT directs Re-Computation of Capital Gains [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Stamp-Duty-Value-of-Consideration-Consideration-ITAT-Re-Computation-of-Capital-Gains-Capital-Gains-taxscan.jpg "Stamp Duty Valued as Full Value of Consideration u/s 50C(1): ITAT directs Re-Computation of Capital Gains [Read Order]")
ITAT allows Stamp Duty paid on Sale by Builder, holds Section 43CA of Income Tax Act not to be Triggered [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT), allowed the stamp duty paid on sale by the builder and held that Section 43CA of the Income Tax Act, 1961 not to be triggered. During...
![ITAT allows Stamp Duty paid on Sale by Builder, holds Section 43CA of Income Tax Act not to be Triggered [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Stamp-Duty-Sale-by-Builder-Section-43CA-of-Income-Tax-Act-TAXSCAN.jpg "ITAT allows Stamp Duty paid on Sale by Builder, holds Section 43CA of Income Tax Act not to be Triggered [Read Order]")
Stamp Duty Valuation as on Date of Allotment Letters can be Considered to Impose Income Tax u/s 56(2)(X): ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the stamp duty valuation as on the date of allotment letters could be considered to impose Income Tax under Section 56(2)(X)...
![Stamp Duty Valuation as on Date of Allotment Letters can be Considered to Impose Income Tax u/s 56(2)(X): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Stamp-Duty-Valuation-Stamp-Duty-Date-of-Allotment-Letters-llotment-Letters-Income-Tax-Tax-ITAT-Taxscan.jpg "Stamp Duty Valuation as on Date of Allotment Letters can be Considered to Impose Income Tax u/s 56(2)(X): ITAT [Read Order]")
Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under section 50C of the Income Tax Act,1961 as the difference between the Sale Consideration and Stamp Duty...
![Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-Consideration-and-Stamp-Duty-Valuation-ITAT-TAXSCAN.jpg "Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]")
![Non execution of document: Bombay HC quashes order rejecting refund of stamp duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Stamp-Duty-Value-Agreement-Registration-ITAT-Taxscan.jpg "Non execution of document: Bombay HC quashes order rejecting refund of stamp duty [Read Order]")