Read all Latest Updates on and about business income

Top

Begin typing your search above and press return to search.

Home
»
business income

Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal ( ITAT ) has held that, Expenditure resulting in income or substantial income not necessary for granting deduction...

ITAT upholds Addition of Income from Cricket Betting as Business Income applying 1% of GP [Read...

Discount on Issue of ESOP Deductible from Business Income: ITAT grants Relief to Morgan Stanley...

Rent from Unsold Flat by Developer Taxable as 'Income from House Property': ITAT [Read Order]

Subsidy received as Octroi Duty Refund is Capital Receipt and not Taxable: ITAT [Read Order]

Concealment of Income by not filing Income Tax Return is an Offence: Madras HC upholds Criminal Proceedings [Read Order]

The Madras High Court has held that the act of deliberate concealment of income by the assessee by not filing the income tax return is an offence and therefore, upheld the criminal proceedings. ...

Income earned in Absence of FTS clause in DTAA would fall as Business Income and cannot Taxed in India in Absence of PE: ITAT [Read Order]

The Delhi Bench Income Tax Appellate Tribunal has held that income earned in absence of Fee for Technical Service (FTS) clause in Double tax avoidance agreement (DTAA) would fall as business income...

Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income from share transactions shall be treated as business income under the provisions of the Income Tax Act, 1961 since the...

Dividend received by Builder not subject to DDT shall Assessable as 'Other Income': ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Vikas Awasthy, Judicial Member & Shri Gagan Goyal, Accountant Member has held that the dividend income received by the...

Refund of Sewage Tax constitute ‘Business Income’: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the refund of sewage tax would be assessed as business income as the same was earlier claimed as business expenditure under the...

Loss on Trading in Derivatives of Securities can be Adjusted against Business Income: Bombay HC [Read Order]

A division bench of the Bombay High Court comprising Justices R.D. Dhanuka and S.G. Mehare, has held that the loss on trading in derivatives of securities not a speculative loss, can be set off...

Rental Income from Building cannot be treated as Business Income since Assessee is not Involved in Business of Leasing: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench has held that the rental income received from the building cannot be treated as business income of the assessee who is not involved in...

Prev Page Next Page