![Excess Stock and Excess Cash found during Survey Proceedings are recorded in Books of Account: ITAT Upholds surrendered income as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Excess-Stock-Excess-Cash-found-during-Survey-Proceedings-are-recorded-in-Books-of-Account-ITAT-Upholds-surrendered-income-as-Business-Income-.jpg "Excess Stock and Excess Cash found during Survey Proceedings are recorded in Books of Account: ITAT Upholds surrendered income as Business Income [Read Order]")
Excess Stock and Excess Cash found during Survey Proceedings are recorded in Books of Account: ITAT Upholds surrendered income as Business Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench while upholding the business income which surrendered after the survey proceeding and observed...
![Proceeds received on Sale of Carbon Credit is a Capital Receipt and not Business Income: ITAT deletes addition on Income by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Carbon-credit-Business-income-Proceeds-received-on-Sale-of-Carbon-Credit-income-tax-act-taxscan.jpg "Proceeds received on Sale of Carbon Credit is a Capital Receipt and not Business Income: ITAT deletes addition on Income by AO [Read Order]")
![Income received from letting out of Property on a Commercial basis qualifies as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-received-from-letting-out-of-Property-on-a-Commercial-basis-qualifies-as-Business-Income-ITAT-TAXSCAN.jpg "Income received from letting out of Property on a Commercial basis qualifies as Business Income: ITAT [Read Order]")
![Claim of Loss against Surrendered Business Income Rejected on Ground of Unexplained Income: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-Loss-Business-Income-Rejected-Unexplained-Income-ITAT-Re-adjudication-TAXSCAN.jpg "Claim of Loss against Surrendered Business Income Rejected on Ground of Unexplained Income: ITAT Directs Re-adjudication [Read Order]")
![Maintenance Income from Building Let out Treats as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Maintenance-Income-from-Building-Let-out-Maintenance-Income-Building-Let-out-Business-Income-ITAT-taxscan.jpg "Maintenance Income from Building Let out Treats as Business Income: ITAT [Read Order]")
Proceeds from Licence of BOT Projects taxable as Business Income and not Rental Income: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the proceeds from licence of Build-Operate-Transfer (BOT) Projects are taxable as business income and not rental...
![Proceeds from Licence of BOT Projects taxable as Business Income and not Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Proceeds-from-Licence-of-BOT-Projects-Proceeds-Licence-of-BOT-Projects-Licence-BOT-Projects-Business-Income-Rental-Income-ITAT-taxscan.jpg "Proceeds from Licence of BOT Projects taxable as Business Income and not Rental Income: ITAT [Read Order]")
![Waiver of Loan is Not Business Income, Not Taxable u/s 28(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Waiver-Loan-Business-Income-Taxable-Income-Tax-Act-ITAT-TAXSCAN.jpg "Waiver of Loan is Not Business Income, Not Taxable u/s 28(i) of Income Tax Act: ITAT [Read Order]")
ED takes Sea Cucumber Smuggler in to Custody under Money Laundering: Search reveals Trails of Crime
The Enforcement Department (ED) has arrested Villayutham, a smuggler based out of Rameswaram, who is consistently indulged in smuggling of Sea cucumbers, a marine species protected under schedule 1...
Once Trust is Assessed as AOP Denied of S. 11 Exemption, Entire Receipts shall be Assessed as Business Income: ITAT Allows Depreciation Claim [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the depreciation claim holding that once a trust is assessed as Association of Persons (AOP) has been denied exemption under...
![Once Trust is Assessed as AOP Denied of S. 11 Exemption, Entire Receipts shall be Assessed as Business Income: ITAT Allows Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Once-Trust-Assessed-as-AOP-Denied-of-S.-11-Exemption-Entire-Receipts-Assessed-Business-Income-ITAT-Depreciation-Claim-Taxscan.jpg "Once Trust is Assessed as AOP Denied of S. 11 Exemption, Entire Receipts shall be Assessed as Business Income: ITAT Allows Depreciation Claim [Read Order]")
![Advance Tax Not Payable If Assessee is Above Age of 60 Years having No Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Advance-Tax-Tax-Income-Tax-Business-Income-ITAT-taxscan.jpg "Advance Tax Not Payable If Assessee is Above Age of 60 Years having No Business Income: ITAT [Read Order]")
Disallowance of EPF shall be Added while Taxing 40% of Income from Tea Plantation Business as Business Income: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the disallowance of Employment Provident Fund (EPF) shall be added while taxing 40% of income from tea plantation business...
![Disallowance of EPF shall be Added while Taxing 40% of Income from Tea Plantation Business as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Disallowance-of-EPF-EPF-Income-from-Tea-Plantation-Business-Tea-Plantation-Business-Business-Income-ITAT-taxscan.jpg "Disallowance of EPF shall be Added while Taxing 40% of Income from Tea Plantation Business as Business Income: ITAT [Read Order]")