Zero Tax up to Rs. 12.75 Lakh u/s 87A, But Will Short-Term Capital Gains Still Attract Income Tax?
Introduction Imagine earning ₹12.5 lakh a year from your salaried job and not paying a single penny as income tax. Sounds incredible? This is...
![Arbitral Award for Non-Payment of Supplies Is Business Income, Not Taxable Under Article 7 of Japan-India DTAA: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/250x150_2065111-dtaa-arbitral-award-non-payment-taxscan.webp "Arbitral Award for Non-Payment of Supplies Is Business Income, Not Taxable Under Article 7 of Japan-India DTAA: Delhi HC [Read Order]")
![S. 69B & S.69C additions on Survey- Declared Income not-sustainable: ITAT upholds Business Income Treatment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/additions-on-Survey-additions-on-Survey-Declared-Survey-Income-Not-sustainable-ITAT-ITAT-upholds-Business-Income-Treatment-taxscan.jpg "S. 69B & S.69C additions on Survey- Declared Income not-sustainable: ITAT upholds Business Income Treatment [Read Order]")
![Additional Income from Cash and Excess Stock to be Taxed as Business Income, Not Unexplained Investment u/s 69A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Bengaluru-ITAT-Excess-Stock-Taxed-as-Business-Income-Taxscan.jpg "Additional Income from Cash and Excess Stock to be Taxed as Business Income, Not Unexplained Investment u/s 69A: ITAT [Read Order]")
![Additional Income declared in Survey considered as Business Income not Charged u/s 68, 69A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Business-Income-Additional-Income-taxscan.jpg "Additional Income declared in Survey considered as Business Income not Charged u/s 68, 69A: ITAT [Read Order]")
Creditors Written Off and Discount Receipts Linked to Business Income Taxable at Only 8% of Their Value: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to modify the addition citing that only 8% of creditors written off and discount receipts linked to...
![Creditors Written Off and Discount Receipts Linked to Business Income Taxable at Only 8% of Their Value: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Business-Income-Taxsacan.jpg "Creditors Written Off and Discount Receipts Linked to Business Income Taxable at Only 8% of Their Value: ITAT [Read Order]")
Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest income earned by the assessee should be classified as business income, granting the allowance of related expenses. ...
![Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Income-Grants-Allowance-ITAT-Grants-Allowance-taxscan.jpg "Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]")
Cash Deposits from Business Income during Demonetization cannot be treated as Unexplained Entirely: ITAT upholds 20% of Additions due to Unknown Source
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) held that the cash deposits made during demonetization out of business income cannot be treated as unexplained cash deposits completely....
Challenge Against AO's 8% Profit Margin Estimation on Aircel Recharge Coupon Sales: ITAT Remands Case [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT)Â remanded the case to the Assessing Officer (AO) after finding that the 8% profit margin estimate on Aircel recharge coupon sales was too high....
![Challenge Against AOs 8% Profit Margin Estimation on Aircel Recharge Coupon Sales: ITAT Remands Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Audit-Report-ITAT-Submission-of-Audit-Report-Ahmedabad-Bench-of-the-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-submission-of-the-audit-report-Assessing-Officer-Taxcan-1.jpg "Challenge Against AOs 8% Profit Margin Estimation on Aircel Recharge Coupon Sales: ITAT Remands Case [Read Order]")
Family Business of Money Lending for 20 Years: ITAT upholds Addition of Excess Income as ‘Business Income’ [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (I TAT ) upheld the addition of excess income as 'business income' for a family engaged in the money lending business for 20 years. The...
![Family Business of Money Lending for 20 Years: ITAT upholds Addition of Excess Income as ‘Business Income’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Money-Lending-Income-Tax-Appellate-Tribunal-ITAT-Chennai-Family-Business-Business-Income-taxscan.jpg "Family Business of Money Lending for 20 Years: ITAT upholds Addition of Excess Income as ‘Business Income’ [Read Order]")
