![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]")
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]
The Delhi High Court ruled that the interest earned on Fixed Deposits maintained with a bank for availing credit facility could not be treated as...
![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]")
![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]](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]")
![Hostel Fee Income is Income from Charitable Activities, not Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/Hostel-Fee-Income-ITAT-Charitable-Taxscan.jpg "Hostel Fee Income is Income from Charitable Activities, not Business Income: ITAT [Read Order]")
Reduction in Price of Stock-in-Trade can be allowed while Computing Business Income only in Trading Account: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that a reduction in the price of the stock-in-trade can be allowed while computing business income only in trading accounts. But, if such a provision is...
![Reduction in Price of Stock-in-Trade can be allowed while Computing Business Income only in Trading Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Stock-in-Trade.jpg "Reduction in Price of Stock-in-Trade can be allowed while Computing Business Income only in Trading Account: ITAT [Read Order]")
![License Fees for use of IT Parks Assessable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/License-Fee-Business-Income-ITAT-Taxscan.jpg "License Fees for use of IT Parks Assessable as Business Income: ITAT [Read Order]")
![Receipts from Carbon Credit is not Business Income: ITAT disallows Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Carbon-Credit-ITAT-Deduction-Claim-Taxscan.jpg "Receipts from Carbon Credit is not Business Income: ITAT disallows Deduction Claim [Read Order]")