cost of acquisition

  • Income Tax

Disallowance of land filling expenses right as except contractor bills no evidence produced

Disallowance towards land filling expenses was right as except contractor bills no other evidence was produced - ITAT In a…

2 months ago
  • Income Tax

Consideration used in section 48 does not have any reference to market value

Consideration used in section 48 does not have any reference to market value but only to consideration referred to in…

9 months ago
  • Income Tax

Cost of acquisition in construction of roof rights in property – ITAT remands case

Cost of acquisition in construction of roof rights in property - ITAT remands case for consideration of report of valuer.…

1 year ago
  • Income Tax

In absence of cost of acquisition of development rights, TDR can’t be taxed as capital gain

In absence of cost of acquisition of development rights, TDR cannot be taxed as a capital gain. Supreme Court dismissed…

5 years ago
  • Income Tax

Sale of property mortgaged to bank held liable to capital gain tax. Encumbrance not deductible u/s 48

Sale of property mortgaged to bank liable to capital gain tax. Encumbrance created as a guarantee by assessee not deductible…

5 years ago
  • Income Tax

Allowability of interest as cost of acquisition of capital asset u/s 48(ii) debatable, not open for revision u/s 263

Allowability of interest as cost of acquisition of capital asset u/s 48(ii) is highly debatable, not open for revision u/s…

8 years ago