![Warehouse Rent Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Warehouse-Taxscan.jpg "Warehouse Rent Taxable as Business Income: ITAT [Read Order]")
Warehouse Rent Taxable as Business Income: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal in the case of The Income-tax Officer v. M/s Anjaneya Infrastructure the lease rental income...
![Profit earned by Housewife from share Transaction is Business Income, Not Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Housewife-TaxScan.jpg "Profit earned by Housewife from share Transaction is Business Income, Not Capital Gain: ITAT [Read Order]")
![Sale Consideration of Shares is Capital Gain If Company treated the same as Investment: Delhi HC follows five broad tests to decide Nature of Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Capital-Gain-Taxscan.jpg "Sale Consideration of Shares is Capital Gain If Company treated the same as Investment: Delhi HC follows five broad tests to decide Nature of Income [Read Judgment]")
![Sale consideration of Floor developed under Joint Venture is Not Business Income: Calcutta HC Quashes Addition against Former CBDT Official [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Joint-Venture-Taxscan.jpg "Sale consideration of Floor developed under Joint Venture is Not Business Income: Calcutta HC Quashes Addition against Former CBDT Official [Read Judgment]")
Interest from Deposits made out of Surplus Fund from Business Receipt is assessable as Business Income, not as ‘Other Income’: ITAT [Read Order]
The Income Tax Appellate Tribunal in the case of ACIT vs. M/s. Agri Gold Constructions Pvt. Ltd. decided that interest from deposits made out of surplus funds from the business receipt is assessable...
![Interest from Deposits made out of Surplus Fund from Business Receipt is assessable as Business Income, not as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Income-Taxscan.jpg "Interest from Deposits made out of Surplus Fund from Business Receipt is assessable as Business Income, not as ‘Other Income’: ITAT [Read Order]")
Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal, on Thursday held that the sale of agricultural land after developing the same into different plots is subject to tax as ‘Business Income’ under...
![Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]")
Compensation Received from Let Out of Terrace Antenna and Hall Booking is Taxable as Business Income: ITAT [Read Order]
In Knight Raj Properties P Ltd vs. ITO, the Mumbai ITAT held that that assessee’s receipts such as compensation received from let out of terrace antenna and hall booking should be taxable under the...
![Compensation Received from Let Out of Terrace Antenna and Hall Booking is Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Compensation-ITAT-Taxscan.jpg "Compensation Received from Let Out of Terrace Antenna and Hall Booking is Taxable as Business Income: ITAT [Read Order]")
Sale Consideration on Agricultural Land after its Conversion to Non-Agricultural Land is Business Income, S. 50C can’t be invoked: ITAT [Read Order]
The ITAT bench comprising Pramod Kumar (AM) and S. S. Godara (JM) recently confirmed that the sale consideration on agricultural land after its conversion to non-agricultural Land constitutes business...
![Sale Consideration on Agricultural Land after its Conversion to Non-Agricultural Land is Business Income, S. 50C can’t be invoked: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Sale-Consideration-Business-Income-Taxscan.jpg "Sale Consideration on Agricultural Land after its Conversion to Non-Agricultural Land is Business Income, S. 50C can’t be invoked: ITAT [Read Order]")
Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]
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...
![Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Sub-Letting-Taxscan.jpg "Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]")
F&O Transaction carried out through recognized Stock Exchange is not Speculative Transaction, can be set off against Ordinary Business Income: ITAT [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal recently ruled that the future and option transaction carried out through recognized stock exchange cannot be treated as speculative transaction,...
![F&O Transaction carried out through recognized Stock Exchange is not Speculative Transaction, can be set off against Ordinary Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Stock-Exchange-Taxscan.jpg "F&O Transaction carried out through recognized Stock Exchange is not Speculative Transaction, can be set off against Ordinary Business Income: ITAT [Read Order]")
Interest from deposits made with Banks is ‘Business Income’ even if Assessee’s Application for NBFC was rejected by RBI: ITAT [Read Order]
Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that interest income earned by an assessee should be treated under the head business income, even if its application for Non-Banking...
![Interest from deposits made with Banks is ‘Business Income’ even if Assessee’s Application for NBFC was rejected by RBI: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Income-Taxscan.jpg "Interest from deposits made with Banks is ‘Business Income’ even if Assessee’s Application for NBFC was rejected by RBI: ITAT [Read Order]")