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Allotment Date, Not Registration: ITAT’s Landmark Ruling Changes How House Property Sale Gains are Computed
A recent ruling by the Income Tax Appellate Tribunal (ITAT), Mumbai, has brought welcome relief to taxpayers selling house property. In a case...
![STCG already Taxed: ITAT deletes Rs. 1.20 Crore Wrong addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/STCG-Taxed-ITAT-Crore-Wrong-addition-TAXSCAN.webp "STCG already Taxed: ITAT deletes Rs. 1.20 Crore Wrong addition [Read Order]")
![₹3.28 Crore STCG Addition: ITAT Remands Matter to AO for Reverification Due to Insufficient Documentation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-STCG-AO-for-Reverification-Due-Taxscan.jpg "₹3.28 Crore STCG Addition: ITAT Remands Matter to AO for Reverification Due to Insufficient Documentation [Read Order]")
![[BREAKING] CIT(A) directs AO to allow Income Tax 87A Rebate on STCG earlier Disallowed by Portal during Processing FY 2023-24 ITR Post-Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CITA-AO-Income-Tax-87A-Rebate-STCG-Disallowed-Portal-Processing-FY-2023-24-ITR-post-verification-taxscan.jpg "[BREAKING] CIT(A) directs AO to allow Income Tax 87A Rebate on STCG earlier Disallowed by Portal during Processing FY 2023-24 ITR Post-Verification [Read Order]")
Inadvertent Mistake due to Typographical Error in Calculating Total Income: ITAT Set Aside Revision Order [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has set aside the revision order as inadvertent mistake was due to the typographical error in calculating the total income. The issue...
![Inadvertent Mistake due to Typographical Error in Calculating Total Income: ITAT Set Aside Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Inadvertent-Mistake-Mistake-Typographical-Error-Total-Income-Income-ITAT-Revision-Order-ITAT-Set-Aside-Revision-Order-taxscan.jpg "Inadvertent Mistake due to Typographical Error in Calculating Total Income: ITAT Set Aside Revision Order [Read Order]")
No Income Escapment when Assessee paid STCG and LTCG: Gujarat HC quashes Reassessment Order [Read Order]
The High Court of Gujarat quashed the reassessment order as there was no income escapement when the assessee paid Short Term Capital Gain (STCG) and Long Term Capital Gain (LTCG). During the year...
![No Income Escapment when Assessee paid STCG and LTCG: Gujarat HC quashes Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Escapment-Assessee-paid-STCG-and-LTCG-STCG-and-LTCG-LTCG-Gujarat-High-Court-Gujarat-High-Court-quashes-Reassessment-Order-Reassessment-Order-taxscan.jpg "No Income Escapment when Assessee paid STCG and LTCG: Gujarat HC quashes Reassessment Order [Read Order]")
Assessee to declare Sale of Property either in Original Return or in the Revised Return and Pay Taxes: ITAT upholds disallowance of Loss of STCG
The Income Tax Appellate Tribunal (ITAT), Delhi Bench upheld the disallowance of loss of Short Term Capital Gain (STCG) and reiterated that the assessee must declare sale of property either in...
![Decision based on a Debatable point of View can’t be subject to Rectification: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/ITAT-Decision-Debatable-Taxscan.jpg "Decision based on a Debatable point of View can’t be subject to Rectification: ITAT [Read Order]")