Tag: capital gain exemption
Exemption u/s 54F allowed as vendor insisted for execution of two sale deeds to avoid TDS as agreement for purchase of property was not disputed ABCAUS Case Law Citation:ABCAUS 3319 (2020) (06) ITAT In the instant case, the appeal was filed by the assessee against the order passed …
Exemption u/s 54/54F for house purchased in wife name, Deduction allowed for change in jurisdictional High Court with favourable judgment ABCAUS Case Law Citation:ABCAUS 3292 (2020) (04) ITAT Important case law relied upon by the parties:CIT, Faridabad vs Dinesh VermaCIT vs., Kamal Wahal 351 ITR4CIT vs. Ravinder Kumar …
Sale of Mutual fund exempted from capital gain tax. CBDT notifies more transactions not regarded transfer u/s 2(47) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 16/2020 New Delhi, the 5th March, 2020 INCOME-TAX S.O. 986(E).—In exercise of the powers conferred by sub-clause (d) of …
Claim for exemption u/s 54B allowed though not made in the return of income. AO had disallowed claim as revised return was not filed ABCAUS Case Law Citation:ABCAUS 3077 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:M/s. Goetze India Pvt. Ltd. Vs. CIT 284 ITR …
Deduction u/s 54F for house purchased from father in law allowed when he was assessed to long term capital gain with reference to sold house ABCAUS Case Law Citation: ABCAUS 2971 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: In this appeal, the assessee had …
Cancellation of flat booking held Long Term Capital Gain and deduction u/s 54 allowed. ‘Property’, is a term of widest import and signifying every possible interest which a person can hold or enjoy ABCAUS Case Law Citation: ABCAUS 2899 (2019) (05) ITAT Important Case Laws Cited/relied upon by …
Malba charges was rejected as cost of investment for claiming deduction u/s 54F as there was no occasion for purchasing malba – ITAT ABCAUS Case Law Citation: ABCAUS 2728 (2019) (01) ITAT The Assessee had challenged the order passed by the CIT(A) in confirming in confirming the action …
No disallowance u/s 54EC for delay in cheque clearance for investment in REC Bonds which was attributable to the banking channel – ITAT ABCAUS Case Law Citation: ABCAUS 2722 (2019) (01) ITAT This appeal by the assessee was directed against the order of the Commissioner of Income Tax …
When entire investment/payments for flat purchase was made by the assessee in the name of his daughter, the capital gain was liable to be assessed in the hands of the assessee ABCAUS Case Law Citation: ABCAUS 2705 (2019) (01) ITAT Important Case Laws Cited/relied upon: Sanjeev Lal v. …
Section 50C has no application in case the entire net sale consideration has been applied for acquiring the new house – ITAT ABCAUS Case Law Citation: ABCAUS 2686 (2018) (12) ITAT Important Case Laws Cited/relied upon: DCIT Vs. Dr.Chalasani Mallikarjuna Rao Gyan Chand Batra Vs. ITO (2010) 6 …
