Posted inBlog
ITAT Mumbai Rules Section 48 Cannot Substitute Future Share Prices
ITAT Mumbai deletes a 97 crore capital gain addition, ruling that consideration from a later share transfer cannot be applied retrospectively.
Posted inBlog
Punjab and Haryana High Court Upholds Section 54F Exemption for Jointly Owned Property
Discover how the Punjab and Haryana High Court ruled on Section 54F tax exemptions when capital gains are invested in a jointly owned residential house.
Posted inBlog
Jodhpur ITAT Rules Penny Stock LTCG Cannot Be Invalidated Without Direct Evidence
In a notable legal development, the Jodhpur bench of the Income Tax Appellate Tribunal (ITAT) has ruled that long-term capital gains (LTCG) from penny stocks cannot be dismissed as bogus…
Posted inBlog
ITAT Ruling Clarifies Section 54F Relief for Property Acquisitions
ITAT's new ruling offers significant relief for taxpayers, clarifying Section 54F property acquisition timelines even with delayed registration.