ITAT Denies Section 54 Exemption Claim Made During Reassessment, Upholds LTCG Addition:
The Tribunal upheld the addition of Rs 8.5 lakh as long-term capital gains after rejecting a Section 54 claim raised during reassessment proceedings.
ITAT Upholds Tax on Rs 8.5 Lakh Capital Gains
Vanshika verma
Jul 12, 2026Premium
ITAT Denies Section 54 Exemption Claim Made During Reassessment, Upholds LTCG Addition
The Tribunal upheld the addition of Rs 8.5 lakh as long-term capital gains after rejecting a Section 54 claim raised during reassessment proceedings.
Also Read
Bona Fide Mistake in ITR Cannot Deny Section 10(10B) Exemption on BSNL VRS Compensation, Holds ITATITAT Restores Appeal After Condoning Delay Caused by Senior Citizen’s AccountantITAT Sets Aside Order for Denying Assessee Copy of Remand ReportITAT Grants Taxpayer a Final Opportunity to Explain Rs 2.27 Crore Cash Deposits Under Section 69A
About Author
Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
1559My Recent Articles
- ITAT Upholds Tax Recognition of Dayabhaga HUF, Deletes Rs 27.40 Lakh AdditionPremium
- ITAT Deletes Rs 54.03 Lakh Demonetisation Cash Deposit Addition, Cites Lack of EvidencePremium
- ITAT Quashes Reassessment for Failure to Dispose of Objections Before AssessmentPremium
- ITAT Deletes Rs 1.16 Crore Demonetisation Cash Deposit Addition, Dismisses Revenue AppealPremium
- ITAT Restricts Section 69A Addition to Peak Credit, Says Entire Cash Deposits Cannot Be TaxedPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts