![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]")
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...
![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]")
![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]")
![Payments received from Indian Hotel Owner for provision of GRS is Business Income: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Income-Taxscan.jpg "Payments received from Indian Hotel Owner for provision of GRS is Business Income: AAR [Read Order]")
Scraps generated in normal course of Business must be treated as part of Business Income: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that the scraps generated in the normal course of business must be treated as part of business income under the Income...
![Scraps generated in normal course of Business must be treated as part of Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/03/Sale-of-Scrap-Tax-Scan.jpg "Scraps generated in normal course of Business must be treated as part of Business Income: ITAT [Read Order]")
Actual Service rendered by each Individual need not be Established for allowing Commission in Land Transactions: Karnataka HC [Read Judgment]
The Karnataka High Court in the case of Commissioner of Income Tax (Appeals) v. Sri. H. Nagaraja has held that the actual consideration rendered by each individual need not be established for allowing...
![Actual Service rendered by each Individual need not be Established for allowing Commission in Land Transactions: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/06/Land-Transactions-Karnataka-High-Court.jpg "Actual Service rendered by each Individual need not be Established for allowing Commission in Land Transactions: Karnataka HC [Read Judgment]")
Activity of Publishing Journal supported by Sponsorship Fees can’t be treated as Business Activity of Trust: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal, on 24th May held that the activity of publishing journal supported by sponsorship fees cannot be treated as business activity of the trust and hence...
![Activity of Publishing Journal supported by Sponsorship Fees can’t be treated as Business Activity of Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/ITAT-Trust-Taxscan.jpg "Activity of Publishing Journal supported by Sponsorship Fees can’t be treated as Business Activity of Trust: ITAT [Read Order]")
Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) in Gouranga Cement Pvt. Ltd vs. DCIT recently held that Unabsorbed brought forward business loss should be set off against the business...
![Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]")
CBDT invites suggestions on Draft Notification pertaining to new Rule 11UAB of IT Rules, 1962 [Read Draft Notification]
The Central Board of Direct Taxes ( CBDT ) has invited suggestions on the draft notification pertaining to new Rule 11UAB of the Income Tax Rules, 1962. The Finance Act, 2018 has inserted clause...
![CBDT invites suggestions on Draft Notification pertaining to new Rule 11UAB of IT Rules, 1962 [Read Draft Notification]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Income-CBDT-Taxscan.jpg "CBDT invites suggestions on Draft Notification pertaining to new Rule 11UAB of IT Rules, 1962 [Read Draft Notification]")