Sale Consideration of Equity Shares held by assessee for 16 years is ‘Long Term Capital Gain’, Not ‘Business Income’: Allahabad HC
Recently, in CIT v. M/S Jindal Poly Films Ltd, the division bench of the Allahabad High Court held that income received on the sale of Equity shares...
![Govt Grants to Hyderabad Metro Rail Ltd is Business Income of the Company: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Hyderabad-Metro-Rail-Ltd.jpg "Govt Grants to Hyderabad Metro Rail Ltd is Business Income of the Company: ITAT Hyderabad [Read Order]")
![Investment in the Excess Stock is Taxable as ‘Business Income’: ITAT Jaipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Investment-Taxscan.jpg "Investment in the Excess Stock is Taxable as ‘Business Income’: ITAT Jaipur [Read Order]")
![Interest Earned Out of Bank FDs before the Commencement of Business is Business Income of a Company: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-Tax-Scan.jpg "Interest Earned Out of Bank FDs before the Commencement of Business is Business Income of a Company: Bombay HC [Read Order]")
Deduction u/s 10AA is Available to Exporters: Interest from FDs kept with Banks for is 'Business Income', rules ITAT Mumbai [Read Order]
In a significant ruling, the ITAT Mumbai bench held that Deduction under section 10AA of the Income Tax Act is available to Exporters for the reason that the term ‘services’ as used in section 10AA(9)...
![Deduction u/s 10AA is Available to Exporters: Interest from FDs kept with Banks for is Business Income, rules ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Deduction u/s 10AA is Available to Exporters: Interest from FDs kept with Banks for is Business Income, rules ITAT Mumbai [Read Order]")
Investing in Shares by availing Service of Portfolio Manager is ‘Capital Gain’: ITAT dismisses appeal against Former Cricketer Sachin Tendulkar [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) yesterday dismissed the Department’s appeal against the former Cricketer Sachin Tendulkar and held that income from sale-purchase of shares...
![Investing in Shares by availing Service of Portfolio Manager is ‘Capital Gain’: ITAT dismisses appeal against Former Cricketer Sachin Tendulkar [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Sachin-Tendulkar-Taxscan.jpg "Investing in Shares by availing Service of Portfolio Manager is ‘Capital Gain’: ITAT dismisses appeal against Former Cricketer Sachin Tendulkar [Read Order]")
Income from Running and Operation of a Mall and Service Charges are ‘Business Income’: ITAT Mumbai [Read Order]
In M/s. West Pioneer Properties (India) Pvt. Ltd. Vs. DCIT, the income earned by the assessee from running and operation of a Mall and service charges are liable to be treated as income from profits...
![Income from Running and Operation of a Mall and Service Charges are ‘Business Income’: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Mall-Operation-Taxscan.jpg "Income from Running and Operation of a Mall and Service Charges are ‘Business Income’: ITAT Mumbai [Read Order]")
Profit on Sale of Shares by a Company providing Finance against Securities is ‘Capital Gain’ not ‘Business Income’: ITAT Hyderabad [Read Order]
In a recent ruling, the division bench of the Hyderabad ITAT held that the profit earned by a Company, whose main business is providing finance against the securities are liable to be taxed under the...
![Profit on Sale of Shares by a Company providing Finance against Securities is ‘Capital Gain’ not ‘Business Income’: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Profit on Sale of Shares by a Company providing Finance against Securities is ‘Capital Gain’ not ‘Business Income’: ITAT Hyderabad [Read Order]")
Income from Leasing out the Property is ‘Business Income’ if the main Object of Activity is to Make Profit: ITAT Hyderabad [Read Order]
In a recent ruling, the division bench of the ITAT, Hyderabad held that, if the main object of leasing out a property is to make profit, the same is chargeable to income tax under the head “Business...
![Income from Leasing out the Property is ‘Business Income’ if the main Object of Activity is to Make Profit: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/For-Lease-Taxscan.jpg "Income from Leasing out the Property is ‘Business Income’ if the main Object of Activity is to Make Profit: ITAT Hyderabad [Read Order]")
![Amount Paid under Compromise Decree is Deductible from Business Income: ITAT Pune [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/Amount-Paid-under-Compromise-Decree.jpg "Amount Paid under Compromise Decree is Deductible from Business Income: ITAT Pune [Read Order]")
Amount received for Promotion of Formula One event is ‘Business Income’, Taxable in India: Delhi HC [Read Judgment]
Receipt on Account of Granting License for the Promotion of Formula One event is Business Income, Taxable in India, rules Delhi High Court. The division bench of the Delhi High Court has ruled that...
![Amount received for Promotion of Formula One event is ‘Business Income’, Taxable in India: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/12/Formula-One-Tax-Scan.jpg "Amount received for Promotion of Formula One event is ‘Business Income’, Taxable in India: Delhi HC [Read Judgment]")