![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]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-DTAA-Business-Income-PE-ITAT-taxscan.jpg "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]")
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...
![Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Sale-Trading-Business-Income-Assessee-Previous-Years-ITAT-Taxscan.jpeg "Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]")
![Dividend received by Builder not subject to DDT shall Assessable as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Dividend-DDT-Other-Income-ITAT-TAxscan.jpg "Dividend received by Builder not subject to DDT shall Assessable as Other Income: ITAT [Read Order]")
![Refund of Sewage Tax constitute ‘Business Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Refund-Sewage-Tax-constitute-Business-Income-ITAT-Taxscan-1.jpeg "Refund of Sewage Tax constitute ‘Business Income’: ITAT [Read Order]")
![Loss on Trading in Derivatives of Securities can be Adjusted against Business Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Trading-Securities-Business-Income-Bombay-High-Court-Taxscan.jpeg "Loss on Trading in Derivatives of Securities can be Adjusted against Business Income: Bombay HC [Read Order]")
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...
![Rental Income from Building cannot be treated as Business Income since Assessee is not Involved in Business of Leasing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-Vishakapattanam-Rental-Income-Business-Income-Assessee-Business-of-Leasing-ITAT-taxscan.jpeg "Rental Income from Building cannot be treated as Business Income since Assessee is not Involved in Business of Leasing: ITAT [Read Order]")
Interest from FDRs made for Business Purposes and for getting Tender shall be treated as 'Business Income': ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest income received from the FDRs made for business purposes and for getting the tender from the Electricity Board...
![Interest from FDRs made for Business Purposes and for getting Tender shall be treated as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Interest-FDRs-Tender-Business-Income-ITAT-taxscan.jpeg "Interest from FDRs made for Business Purposes and for getting Tender shall be treated as Business Income: ITAT [Read Order]")
Suppression in Net Sales assessable as 'Business Income', can’t be treated as Deemed Income u/s 68: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income surrendered for suppression in the net sales shall be assessable as “Income from Business or Profession” and the same...
![Suppression in Net Sales assessable as Business Income, can’t be treated as Deemed Income u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Suppression-Net-Sales-assessable-Business-Income-treated-Deemed-Income-ITAT-Taxscan.jpeg "Suppression in Net Sales assessable as Business Income, can’t be treated as Deemed Income u/s 68: ITAT [Read Order]")
Income from Transfer of Agricultural Land is not Business Income and Eligible for Tax Exemption: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has held that income from transfer of agricultural land is not business income and eligible for tax exemption. The Appellant's case...
![Income from Transfer of Agricultural Land is not Business Income and Eligible for Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Transfer-Agricultural-Land-Business-Income-Tax-Exemption-ITAT-taxscan.jpg "Income from Transfer of Agricultural Land is not Business Income and Eligible for Tax Exemption: ITAT [Read Order]")
Unascertained Liability cannot be allowed as Embezzlement Losses in computing Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore has held that the embezzlement loss stated by the assesse is not ascertained liability and hence cannot allow as loss in business income. The...
![Unascertained Liability cannot be allowed as Embezzlement Losses in computing Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Unascertained-Liability-Embezzlement-Losses-computing-Business-Income-ITAT.jpeg "Unascertained Liability cannot be allowed as Embezzlement Losses in computing Business Income: ITAT [Read Order]")
Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal Ahmedabad ( ITAT ) Presided by Vice President P.M. Jagtap, and Judicial Member Siddhartha Nautiyal has held that, assessee not earning any business income and has...
![Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Interest-Income-Depreciation-n-Income-Tax-Act-ITAT-taxscan.jpg "Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]")
![Income from Unsold Flats shall be treated as Business Income of the Developer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/07/Unsold-Flats-ITAT-Taxscan.jpg "Income from Unsold Flats shall be treated as Business Income of the Developer: ITAT [Read Order]")