![ITAT Exempts Penny Stock Transactions u/s 10(38) Due to STT Compliance, Denies AO’s Bogus Transaction Allegations [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cuttack-Income-Tax-Appellate-Tribunal-Securities-Transaction-Tax-STT-STT-Compliance-ITAT-Exempts-Penny-Stock-Transactions-taxscan.jpg "ITAT Exempts Penny Stock Transactions u/s 10(38) Due to STT Compliance, Denies AO’s Bogus Transaction Allegations [Read Order]")
ITAT Exempts Penny Stock Transactions u/s 10(38) Due to STT Compliance, Denies AO’s Bogus Transaction Allegations [Read Order]
The Cuttack Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed exemption under Section 10 (38) of the Income Tax Act, 1961, which the...
![ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-ITAT-deletes-addition-Derivative-transaction-taxscan-1.jpg "ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]")
![Loss from Sale of Shares and Mutual Funds on which STT paid cant be set off against LTCG arising out as per S.70(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-of-Shares-Mutual-Funds-STT-LTCG-ITAT-taxscan.jpg "Loss from Sale of Shares and Mutual Funds on which STT paid cant be set off against LTCG arising out as per S.70(3): ITAT [Read Order]")
![ITAT upholds Revisional Order on Ground of LTCG Exemption on STT Paid without Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revisional-Order-LTCG-STT-taxscan.jpg "ITAT upholds Revisional Order on Ground of LTCG Exemption on STT Paid without Verification [Read Order]")
Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the Short Term Capital Loss on which STT was paid can be adjusted against the Short Term Capital Gain on which STT was not paid. ...
![Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Short-Term-Capital-Loss-Short-Term-Capital-Gain-STT-ITAT-Taxscan.jpg "Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]")
ITAT denies Exemption of LTCG earned on Sale of Shares, Sale proceeds added to Assessee’s Income along with estimated Commission [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has denied exemption of Long Term Capital Gains (LTCG) earned on sale of shares, the sale proceeds added to assessee’s income along with...
![ITAT denies Exemption of LTCG earned on Sale of Shares, Sale proceeds added to Assessee’s Income along with estimated Commission [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/ITAT-LTCG-Taxscan.jpeg "ITAT denies Exemption of LTCG earned on Sale of Shares, Sale proceeds added to Assessee’s Income along with estimated Commission [Read Order]")
Finance Ministry notifies Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020
In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance...
Income from Sale & Purchase of Shares in Investment Portfolios is “Capital Gain”, not “Business Income”: ITAT Kolkata
The Kolkata Bench of the Income Tax Appellate Tribunal friday held that any income earned by an assessee in respect of sale and purchase of shares in investment portfolios should be treated as...
