![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]")
Waiver of Loan is Not Business Income, Not Taxable u/s 28(i) of Income Tax Act: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that waiver of loan is not business Income, therefore it isnot taxable 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]](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]")
Sale and Purchase of Mutual Funds by Maruti Suzuki can be treated as Business Income If Activities of Investment are towards Business Profit: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the sale and purchase of mutual funds by Maruti Suzuki can be treated as Business Income if activities of investment are...
![Sale and Purchase of Mutual Funds by Maruti Suzuki can be treated as Business Income If Activities of Investment are towards Business Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Sale-Purchase-Mutual-Funds-Maruti-Suzuki-Business-Income-Investment-Business-Profit-ITAT-Taxscan.jpg "Sale and Purchase of Mutual Funds by Maruti Suzuki can be treated as Business Income If Activities of Investment are towards Business Profit: ITAT [Read Order]")
Income from giving Commercial Properties for Compensation as per MOA Taxable as “Business Income”: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the income from giving commercial properties for compensation as per Memorandum of Association (MOA) would be taxable as...
![Income from giving Commercial Properties for Compensation as per MOA Taxable as “Business Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-giving-Commercial-Properties-Compensation-MOA-Taxable-Business-Income-ITAT-Taxscan.jpg "Income from giving Commercial Properties for Compensation as per MOA Taxable as “Business Income”: ITAT [Read Order]")
![Transaction cannot be treated as “Real Estate” If Property held for a Long Time: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Transaction-Real-Estate-Property-held-for-a-Long-Time-ITAT-Taxscan.jpg "Transaction cannot be treated as “Real Estate” If Property held for a Long Time: ITAT [Read Order]")
Income from Sale of Land held as “Stock-in-Trade” by Builder Taxable as “Business Income”, Not “Capital Gain”: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench has recently, in an appeal filed before it, held that the Income from sale of Land considered as “Stock-in- Trade” by builder and Taxable...
![Income from Sale of Land held as “Stock-in-Trade” by Builder Taxable as “Business Income”, Not “Capital Gain”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Stock-in-Trade-Builder-Taxable-Business-Income-Capital-Gain-ITAT-TAXSCAN.jpg "Income from Sale of Land held as “Stock-in-Trade” by Builder Taxable as “Business Income”, Not “Capital Gain”: ITAT [Read Order]")
Receipt from Conversion of Agricultural Land into Non-Agricultural Purpose is “Business Income”: ITAT [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) has held that the receipt from conversion of agricultural land into Non-Agricultural purpose would be treated as business income. Naresh...
![Receipt from Conversion of Agricultural Land into Non-Agricultural Purpose is “Business Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Agricultural-Land-Business-Income-ITAT-Conversion-of-Agricultural-Land-taxscan.jpg "Receipt from Conversion of Agricultural Land into Non-Agricultural Purpose is “Business Income”: ITAT [Read Order]")
Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that relinquishment of right in land earmarked for common utility purposes as per regulatory requirements is not taxable as...
![Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Relinquishment-Land-Common-Utility-Purpose-Regulatory-Requirements-Taxable-Capital-Gain-Business-Income-ITAT-Taxscan.jpg "Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]")
![Warehousing Charges Taxable as “Business Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Warehousing-Charges-Taxable-as-Business-Income-ITAT-Taxscan.jpg "Warehousing Charges Taxable as “Business Income”: ITAT [Read Order]")