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Union Budget 2025 Expectations: Everything We Know So Far
As Budget 2025 approaches, the air is thick with anticipation, excitement, and expectations. For the middle class, investors, and industries, this...
![Transfer of Depreciable Capital Assets Attracts Capital Gains Tax u/s 45 (4) of Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Kerala-High-Court-Kerala-HC-Capital-Gains-Income-Tax-Act-Capital-Gains-Tax-Transfer-of-Depreciable-taxscan.webp "Transfer of Depreciable Capital Assets Attracts Capital Gains Tax u/s 45 (4) of Income Tax Act: Kerala HC [Read Order]")
![Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Sale-of-Property-Real-Estate-Agent-Business-Income-ITAT-Taxscan.jpeg "Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]")
Dept cannot change status of Assessee to Trader when it had accepted him as Investor in previous year merely because he made some profit on shares: ITAT
While dismissing the cross-appeals filed by both the Revenue and Assessee, the Mumbai ITAT ruled that the Revenue cannot change the status of Assessee to the trader when it had accepted him as the...
