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Rent from Fit-out Hire Charges are Business Income If there is Two Separate Agreements: ITAT [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income received from Fit-out Hire Charges would constitute “business income”...

Rent received from Letting out Shop Rooms in Mall constitute “Business Income”: Kerala High Court...

Mere Holding Shares for a Short Period won’t constitute Business Income: Bombay High Court [Read...

Receipt from Property given on Leave and License basis till Approval of Real Estate Project is...

Quoting of Low Rent by Flat Owner is Tax Evasion: ITAT [Read Order]

Receipt through Settlement of Shares is not ‘Business Income’ when it is done by settler of Trust by way of ESOP and not direct purchase from Market: Bombay HC [Read Judgment]

The Bombay High Court has held that when the settlement of shares was done by the settler of Trust by way of employee stock option plan and not a direct purchase from the market, then income generated...

Surplus earned by Trust while imparting Education not Business Income: ITAT [Read Order]

The Lucknow bench of the Income Tax Appellate Tribunal (ITAT) has held that the surplus earned by the Trust by imparting education cannot be treated as business income under the Income Tax Act, 1961. ...

Intention of Assessee at the time of Purchase of Shares relevant to determine Tax Liability: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in ACIT v. Shri Finance ruled that intention of assessee during the time of purchase of shares is a criterion to determine the tax...

Expenses incurred on Financial Charges allowable as Expenditure: ITAT [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the expenses incurred on financial charges can be deductible from Business Income as the same would amount to business...

Profit of Sale of Mutual Fund is Capital Gain, not Business Income: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the profit earned from the sale of mutual fund would be taxable as capital gain and not business income under the Income Tax...

Income from Flats and Shops held as Stock-in-Trade is Business Income: ITAT [Read Order]

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) in Haware Engineers & Builders Private Limited versus Deputy Commissioner of Income Tax Central Circle, held that the income received from...

Rent from Warehouse facilities is Business Income: ITAT [Read Order]

The Kolkata bench of Income Tax Appellate Tribunal (ITAT) in DCIT versus M/s Maa Amba Towers, held that the rental income earned from the warehouse is to be treated as business income under the...

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