Judgement

ITAT held that two bungalows constructed and used as one residential unit could qualify for deduction under Section 54F of the Income Tax Act.

ITAT Allows Section 54F Deduction for Two Bungalows Clubbed as Single Residential Unit

The ITAT Mumbai deleted penalty as unutilised section 54 amount was not taxable in original Assessment Year


ITAT Rules Section 54 Shortfall Cannot Be Treated as Concealment when Investment Period Had Not Expired

ITAT remands a Rs 9.28 crore tax dispute to CIT(A) for fresh consideration of property capital gains, acquisition cost and Section 54 deduction claims.

ITAT Sends Rs 28 Crore Tax Addition Back to CIT(A), Directs Fresh Examination of Property Capital Gains and Section 54 Claim

ITAT condoned a 171-day delay due to ill health and restored Rs 34.10 lakh LTCG dispute for fresh adjudication on merits.

Substantial Justice Prevails Over Technicalities: ITAT Condones 171-Day Delay in Section 54 Exemption Dispute Due to Ill Health

ITAT allows Rs 1.48 crore interest paid to a developer as part of property acquisition cost while remanding the Section 54 deduction claim for fresh verification.

Rs 1.48 Crore Interest on Delayed Property Payments Qualifies as Cost of Acquisition: ITAT Delhi

The ITAT Ahmedabad directs fresh adjudication of capital gains dispute after observing that issues deserve decision on merits


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ITAT Allows Section 54F Deduction for Two Bungalows Clubbed as Single Residential Unit

ITAT Rules Section 54 Shortfall Cannot Be Treated as Concealment when Investment Period Had Not Expired

ITAT Sends Rs 28 Crore Tax Addition Back to CIT(A), Directs Fresh Examination of Property Capital Gains and Section 54 Claim

Substantial Justice Prevails Over Technicalities: ITAT Condones 171-Day Delay in Section 54 Exemption Dispute Due to Ill Health

Rs 1.48 Crore Interest on Delayed Property Payments Qualifies as Cost of Acquisition: ITAT Delhi

ITAT Grants Final Opportunity to Claim Section 54F Deduction