![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]")
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...
![Income from Mall Operations is Taxable as Business Income, says ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/City-Centre-Mall-Taxscan.jpg "Income from Mall Operations is Taxable as Business Income, says ITAT Mumbai [Read Order]")
![Income from Sale of Mutual Fund is ‘Capital Gain’, not Business Income, says ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Mutual-Fund-Taxscan.jpg "Income from Sale of Mutual Fund is ‘Capital Gain’, not Business Income, says ITAT Delhi [Read Order]")
Rent received by a ‘licensee’ is ‘Business Income’, not taxable under the head ‘Income form House Property’: ITAT Kolkata [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal in a recent decision ruled that the rental income earned by a licencee is chargeable under the head ‘business income’. The Tribunal further made...
![Rent received by a ‘licensee’ is ‘Business Income’, not taxable under the head ‘Income form House Property’: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Rent-out-Business-Taxscan.jpg "Rent received by a ‘licensee’ is ‘Business Income’, not taxable under the head ‘Income form House Property’: ITAT Kolkata [Read Order]")
Income earned from consistently investing in Shares is Chargeable under the Head ‘Capital Gains’ not ‘Business Income’: ITAT Mumbai [Read Order]
The Mumbai division of the Income Tax Appellate Tribunal, has recently ruled that the income earned by the assessee on account of sale and purchase of shares will be considered as “capital gain.” The...
Income from Transaction of Securities held by the assessee for not more than one year is ‘Short Term Capital Gain’, not ‘Business Income’: ITAT Mumbai [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal, in a recent ruling held that the income earned by the assessee from sale of shares held by him for a period not more than one year should not be...
Deduction benefit for Eligible Projects or Schemes u/s 35AC of the Income Tax Act available till 31st March
Section 35AC of the Income Tax Act 1961, inter alia provides for a deduction in computing the business income of an assessee, of the amount paid by him to a Public Sector company or a local authority...
Profit arising out of Sale & Purchase of Shares as “Short Term Capital Gain”, not “Business Income”: ITAT Mumbai [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal, has recently ruled that the income/profit earned by the assessee from the sale and purchase of shares must be treated as “Captal Gain” and not as...
Mere Sale of Immovable Property of the Trust alone, cannot be the sole factor to treat the said income under the head “Business Income”: Madras HC [Read Judgment]
The division bench of the Madras High Court, has recently observed that mere sale of an immovable property of the trust alone, cannot be the sole factor for determining the tax liability of a trust...
Income from Licencing part of the factory premises should be treated as “Business Income”: Delhi HC [Read Judgment]
The Delhi High Court in a recently ruling held that the income earned by the assessee from licencing the parts of his property is liable to be treated as “Business Income” and not as “income from...
