![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]")
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...
![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]](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]](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]](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]")
ITAT accepts Lease Income as ‘Business Income’ as Business Investments were mostly in nature of Properties [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed the AO to accept the lease income as ‘Business income’ as business investments were mostly in the nature of Properties. The...
![ITAT accepts Lease Income as ‘Business Income’ as Business Investments were mostly in nature of Properties [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/ITAT-lease-income-Business-income-business-investments-Taxscan.jpg "ITAT accepts Lease Income as ‘Business Income’ as Business Investments were mostly in nature of Properties [Read Order]")
Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the rental income received through sub-leasing of the property shall be treated as the business income of the assessee as...
![Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Rental-Income-from-Sub-Lease-Business-Income-Business-of-Assessee-ITAT-Taxscan.jpg "Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]")
Interest received on Fixed Deposit/SSNL Bonds constitutes Business Income, can be included for calculating Remuneration of Partners: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the amount of interest on fixed deposit/SSNL Bonds would constitute business income and the same can be included for...
![Interest received on Fixed Deposit/SSNL Bonds constitutes Business Income, can be included for calculating Remuneration of Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/Interest-Fixed-Deposit-SSNL-Bonds-Business-Income-Remuneration-of-Partners-ITAT-Taxscan.jpg "Interest received on Fixed Deposit/SSNL Bonds constitutes Business Income, can be included for calculating Remuneration of Partners: ITAT [Read Order]")
![Western Union cannot be Taxed for Its Business Income in India in the absence of PE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Western-Union-Business-Income-ITAT-PE-Taxscan.jpg "Western Union cannot be Taxed for Its Business Income in India in the absence of PE: ITAT [Read Order]")