![If Shares were held for more than 12 months, Income must be taxed as Capital Gain: ITAT follows CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "If Shares were held for more than 12 months, Income must be taxed as Capital Gain: ITAT follows CBDT Circular [Read Order]")
If Shares were held for more than 12 months, Income must be taxed as Capital Gain: ITAT follows CBDT Circular [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that if the shares have been held by the assessee for a period more than 12...
![Sale of Agricultural Land converted into Plots Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "Sale of Agricultural Land converted into Plots Taxable as Business Income: ITAT [Read Order]")
![Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]")
![Receipt for Relinquishment of ‘Right to Sue’ not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Chartered-Accountant-ITAT-Taxscan.jpg "Receipt for Relinquishment of ‘Right to Sue’ not Taxable: ITAT [Read Order]")
Gain from Sale is Business Income If Assessee followed Stock Market Trend: Bombay HC rejects House Wife’s Plea [Read Judgment]
While rejecting a plea of a House wife who claimed that the income earned from the sale of shares is capital gain, the Bombay High Court held that such income is assessable as business income since...
![Gain from Sale is Business Income If Assessee followed Stock Market Trend: Bombay HC rejects House Wife’s Plea [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Gain from Sale is Business Income If Assessee followed Stock Market Trend: Bombay HC rejects House Wife’s Plea [Read Judgment]")
![Income from Sale of Plots under a Business Project is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Sale-Plots-Taxscan.jpg "Income from Sale of Plots under a Business Project is Business Income: ITAT [Read Order]")
Rental Income can be treated as 'Business Income' even if Principal Object of Company is not Letting out of Properties: Madras HC [Read Judgment]
The Madras High Court has held that the rental income received by the company is assessable as income from ‘Profits and Gains from Business and Profession’ even if the principal object of the company...
![Rental Income can be treated as Business Income even if Principal Object of Company is not Letting out of Properties: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Rental Income can be treated as Business Income even if Principal Object of Company is not Letting out of Properties: Madras HC [Read Judgment]")
Income Received by IT Park for Proving Space & Other Services to Software Companies constitute ‘ Business Income ’: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the income received by an IT Park for proving space & other services to software companies constitute “ business income...
![Income Received by IT Park for Proving Space & Other Services to Software Companies constitute ‘ Business Income ’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/License-Agreement-Business-Income-Taxscan.jpg "Income Received by IT Park for Proving Space & Other Services to Software Companies constitute ‘ Business Income ’: ITAT [Read Order]")
Income received under Leave and License Agreement is Business Income: ITAT allows Administrative Expenses [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ), in DCIT v. M/s. Tierra Landpro LLP, held that the income received under a Leave & License Agreement constitute “Profit and Gains...
![License Fee from Tenant is Business Income, not House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/License-Fee-Taxscan-1.jpg "License Fee from Tenant is Business Income, not House Property Income: ITAT [Read Order]")