In a recent ruling, the Apex Court held that the income from sub-letting Shop Rooms and Stalls are assessable under the head “Income from House Property” under the Income Tax Act when the assessee has

Income Tax Appellate Tribunal (ITAT), Kolkata bench recently held that the License Fee collected by the tenant while sub-letting the property should be assessed under the head business income and cannot be assessed as income

The Lucknow bench of the Income Tax Appellate Tribunal (ITAT) has recently ruled that the income received by the assessee by sub-letting a property (warehouse) for commercial purpose would be taxable as “Income from other

Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that income earned by the assessee from sub-letting of property under leave and license agreement for a temporary period is taxable under the head income

The Income Tax Appellate Tribunal ( ITAT ) Visakhapatnam Bench, has recently, in an appeal filed before it, held that rent from sub-letting property is taxable as “income from other sources”. The aforesaid observation was

The Karnataka State Authority for Advance Ruling (AAR) has recently ruled that the sub-letting and sub-leasing services provided by a tenant would be subject to Goods and Services Tax (GST). The ruling was delivered while

A two-judge bench of the Calcutta High Court has held that the payment made to resume the sub-tenanted portion of the property is not business expenditure as the same amount to capital in nature, and

The division bench of the Calcutta High Court quashed an order categorizing income from subletting as income from house property. The court concurred with the assessee's assertion that income from subletting should be classified as

The Delhi High Court upheld the suspension of the Customs Broker Licence ( CBL ) as the Customs Broker in exchange for monthly remuneration fraudulently permitted the third party to use CBL. The Court held

In a significant ruling, the Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) subletting of customs pass to an employee of another firm will not be a breach of Regulation 11

In Banzai Estate Pvt Ltd v. DCIT, the Chennai Income Tax Appellate Tribunal (ITAT) held that the Revenue cannot change head of income without any valid reason. The assessee declared the income from self-owned property

A two Judge bench comprising of Justices A.K Sikri and Ashok Bhushan recently confirmed an assessment order wherein the department assessed the rental income from the hands of the original owner of the property who

The Authority for Advance Rulings (AAR), Madhya Pradesh has ruled that no Goods and Services Tax (GST) is payable on collection of toll charges by sub- contractors. The applicant was engaged in wholesale business, bonded

The Appellate Authority of Advance Ruling (AAAR), Karnataka, while upholding the ruling of the Authority of Advance Ruling (AAR) ruled that Goods and Service Tax (GST) is applicable on additional facilities provided with accommodation services.

The Income Tax Appellate Tribunal recently proclaimed that the provisions relating to TDS would not be applicable in case of interest paid to a Non-Banking Finance Companies (NBFC) which is also engaged in business of