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...
![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]")
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]")
Rent from Fit-out Hire Charges are Business Income If there is Two Separate Agreements: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income received from Fit-out Hire Charges would constitute “business income” under the income tax law. The assessee is in the...
![Rent from Fit-out Hire Charges are Business Income If there is Two Separate Agreements: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/06/Rent-ITAT-Taxscan.jpg "Rent from Fit-out Hire Charges are Business Income If there is Two Separate Agreements: ITAT [Read Order]")
Rent received from Letting out Shop Rooms in Mall constitute “Business Income”: Kerala High Court [Read Judgment]
“Shopping is no longer mere purchasing products. Shopping malls have transformed what was once an activity merely based on need and necessity to an experience of enjoyment and entertainment.” A...
![Rent received from Letting out Shop Rooms in Mall constitute “Business Income”: Kerala High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/03/Rent-Shop-Rooms-Kerala-High-Court-Taxscan.jpg "Rent received from Letting out Shop Rooms in Mall constitute “Business Income”: Kerala High Court [Read Judgment]")