![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]")
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...
![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]](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]](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]](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]")
Interest Income from Nationalized Banks is Business Income, Eligible for 80-P Deduction: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income earned from nationalized banks shall be treated as business income for which deduction under Section 80P of...
Income from Interest Received Temporarily Parked in the Banks and given as Unsecured Loan is Business Income: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal recently announced and directed the Assessing Officer to treat the interest income temporarily parked in the banks and given as unsecured loan which...
![Income from Interest Received Temporarily Parked in the Banks and given as Unsecured Loan is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Interest-Rates-on-Small-Saving-Schemes.jpg "Income from Interest Received Temporarily Parked in the Banks and given as Unsecured Loan is Business Income: ITAT [Read Order]")
![Income from Licensing a Property is a Business Income: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Hotel-Taxscan.jpg "Income from Licensing a Property is a Business Income: Kerala HC [Read Judgment]")
Non-Speculative Business Loss can be set off against Business Income of Assessee: Allahabad HC [Read Judgment]
The Allahabad High Court recently ruled that Non-Speculative business loss can be set off against business income of the assessee under the provisions of the Income Tax Act, 1961. The division bench...
![Non-Speculative Business Loss can be set off against Business Income of Assessee: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Loss-Taxscan.jpg "Non-Speculative Business Loss can be set off against Business Income of Assessee: Allahabad HC [Read Judgment]")
Income from Transferring Capital Asset can’t be deemed as 'Business Income' even if Assesse was regularly booking Flats and Selling the same: ITAT
The Income Tax Appellate Tribunal (Mumbai) has held that, Income from Capital Asset is ‘Capital Gain’and not business Income even if Assesse was regularly booking Flats and Selling the same. Any kind...
Expenses in respect of Service Tax paid out of Rental Income is deductible from the Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) recently ruled that the expenses in respect of service tax paid out of rental income is deductible under the head ‘Profit and Gains of Business or profession’...
![Expenses in respect of Service Tax paid out of Rental Income is deductible from the Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Expenses in respect of Service Tax paid out of Rental Income is deductible from the Business Income: ITAT [Read Order]")