![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]")
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...
![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]](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]")
![Interest earned on FD maintained with Bank for availing Credit Facility couldn’t be treated as Business Income, not entitled to Deduction: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/07/Delhi-High-Court-business-income-FD-Taxscan.jpg "Interest earned on FD maintained with Bank for availing Credit Facility couldn’t be treated as Business Income, not entitled to Deduction: Delhi HC [Read Judgment]")
Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT)has held that the sale consideration received by a real estate agent towards the sale of property shall be treated as business income...
![Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Sale-of-Property-Real-Estate-Agent-Business-Income-ITAT-Taxscan.jpeg "Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]")
Income from Letting out of Steel Units and Quarters along with Land constitutes House Property Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while applying the rule of consistency, held that the income received by a Company through letting out of Steel Units and Quarters along with...
![ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-deduction-of-business-income-interest-income-Taxscan.jpg "ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]")
Relief to Bank of India: Taxes paid abroad will be allowed as Deduction in the Computation of Business Income, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while accepting the claim of the Bank of India ruled that the taxes paid abroad will be allowed as a deduction in the computation of the...
![Relief to Bank of India: Taxes paid abroad will be allowed as Deduction in the Computation of Business Income, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Relief-to-Bank-of-India-Taxes-deduction-in-the-computation-business-income-ITAT-Taxscan.jpeg "Relief to Bank of India: Taxes paid abroad will be allowed as Deduction in the Computation of Business Income, rules ITAT [Read Order]")
Revenue derived from distribution of products can’t be taxed as ‘Royalty’ through Business Income as it is already offered under MAP: ITAT
The Income Tax Appellate Tribunal (ITAT), New Delhi held that the revenue derived from the distribution of products cannot be taxed as ‘royalty’ as business income as it is already offered under...
Income from Letting out of Property along with other facilities in an Industrial Park / SEZ is Business Income: Madras High Court
The Madras High Court, while upholding the order of the Tribunal held that income derived from letting out of the property to tenants along with other facilities in an industrial park/SEZ should be...
Interest Income from FDRs can be treated as Business Income If Assessee proves that such FDR is essential/necessary for obtaining the Contract: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT), recently held that the interest income from FDRs can be treated as business income if the assessee proves that the same is...
![Interest Income from FDRs can be treated as Business Income If Assessee proves that such FDR is essential/necessary for obtaining the Contract: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/interest-income-FDRs-business-income-assessee-Taxscan.jpeg "Interest Income from FDRs can be treated as Business Income If Assessee proves that such FDR is essential/necessary for obtaining the Contract: ITAT [Read Order]")