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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Capital Gains - Even if it is assumed that transfer of shares of ...

Income Tax

October 5, 2017

Capital Gains - Even if it is assumed that transfer of shares of the said company amounted to transfer of plot of land, in the absence of any evidence of extra amount having been exchanged, no addition can be made by invoking section 50C

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  1. Capital gain - transfer of immovable property without any written contract - in absence of determination of cost of land by state govt., no capital gain can be...

  2. Even if it be assumed that the subscribers to the share capital were not genuine, such share capital could not be regarded as undisclosed income of the company

  3. Applicability of section 50C - Capital gain - Sale of right in land/contingent right - proof of transfer of capital asset - Section 50C is also applicable on lease hold...

  4. Capital gains - Transfer of property - joint development agreement - capital gains on the assessee’s land correctly brought to tax by the AO - AT

  5. Capital gain on transfer of shares - capital gains arising from the transfer of shares because of family arrangement - the assessee has transferred the shares based on...

  6. Exemption u/s. 54EA - transfer of shares held as stock-in-trade - transfer of unlisted shares of DSPML is to be taxed under the head “capital gains” irrespective...

  7. Set off of long term capital loss from sale of shares off market against the long term capital gain on sale of land allowed.

  8. Assessment of Long Term Capital Gain U/sec 45(2) - conversion of land as stock-in-trade - sale of land after plotting - The assessee’s claim to compute long term capital...

  9. Setting off the long term capital loss arising on sale of shares not subject to STT against long term capital gain arising from sale of Shares subjected to STT exempt...

  10. Cpital gain - What in law has transpired is the transfer of shares, and not of land and, accordingly, section 50C will not come into picture - AT

 

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