Judgement

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


ITAT Grants Final Opportunity to Claim Section 54F Deduction

Tribunal held Section 54F deduction cannot be denied merely because a completion certificate was not furnished.

ITAT Allows Section 54F Relief Without Completion Certificate for New House Construction

Tribunal condones delayed appeal with costs, remands capital gains and Section 54F claims for reconsideration.

ITAT Condones 433-Day Delay, Restores Section 54F and Capital Gains Issues

Tribunal holds separately acquired adjacent plots cannot qualify as one residential house under Section 54F.

ITAT Rejects Section 54F Claim for Two Separately Purchased Residential Plots

Tribunal allows Section 54F exemption, holding eligible deductions cannot be denied on technical grounds.

Taxpayer Omitted Section 54F Claim in ITR; ITAT Grants Rs. 59.34 Lakh Exemption on Residential Flat Investment

The Income Tax Appellate Tribunal (ITAT) Bangalore has restored the matter relating to addition under Section 50C and denial of deduction under Section 54F to the Assessing Officer for fresh adjudication. The Tribunal also directed reconsideration of the exemption claimed under Section 54F in light of the Karnataka High Court ruling in CIT v. K. Ramachandra Rao.

Woman Sold Property for Rs. 1.56 Crore, Faced Capital Gains Recalculation Using Rs. 1.87 Crore Stamp Duty Value; ITAT Orders Fresh Examination of Section 50C and Section 54F Claims

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