![Income from Sale of Land held as Stock in Trade taxable under Business Income When Expenses incurred shown under WIP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-taxable-business-income-WIP-ITAT-TAXSCAN.jpg "Income from Sale of Land held as Stock in Trade taxable under Business Income When Expenses incurred shown under WIP: ITAT [Read Order]")
Income from Sale of Land held as Stock in Trade taxable under Business Income When Expenses incurred shown under WIP: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT), held that income from Sale of land held as stock in trade taxable under business income...
![Exemption u/s 11 allowable on Income derived from Property held under Trust wholly for Charitable Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Exemption-Income-Property-Trust-Charitable-Purpose-ITAT-TAXSCAN.jpg "Exemption u/s 11 allowable on Income derived from Property held under Trust wholly for Charitable Purpose: ITAT [Read Order]")
![Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Sale-Sale-of-CWO-CWO-Income-Books-of-Account-ITAT-genuine-Purchase-Cotton-Wash-Oil-Taxscan.jpg "Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]")
![Relief to CRI Group: Royalty paid to Holding Company for Using Brand Name Deductible from Total Income, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CRI-Group-Royalty-Total-Income-ITAT-TAXSCAN.jpg "Relief to CRI Group: Royalty paid to Holding Company for Using Brand Name Deductible from Total Income, rules ITAT [Read Order]")
![Rental Income derived from Lease of Plant & Machinery or Equipment Taxable under Head ‘Income from Other Sources’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Rental-income-plant-machinery-or-equipment-taxable-ITAT-TAXSCAN.jpg "Rental Income derived from Lease of Plant & Machinery or Equipment Taxable under Head ‘Income from Other Sources’: ITAT [Read Order]")
Income derived from Training Fee and related Course Material, not entitled to Deduction u/s.10B: ITAT [Read Order]
In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the rental income derived from the lease of plant & machinery or equipment is taxable under the...
![Income derived from Training Fee and related Course Material, not entitled to Deduction u/s.10B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/training-fee-Income-course-material-deduction-ITAT-Income-Tax-taxscan.jpg "Income derived from Training Fee and related Course Material, not entitled to Deduction u/s.10B: ITAT [Read Order]")
![Brokerage not part of Income unless Received: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Brokerage-Income-ITAT-incometax-taxscan.jpg "Brokerage not part of Income unless Received: ITAT deletes Income Tax Addition [Read Order]")
Age is not a Bar for Prosecution of Non-furnishing of actual income: Delhi HC dismisses plea for quashing Proceedings [Read Order]
The Delhi High Court has recently dismissed a plea for quashing criminal proceedings against the petitioner, Rajinder Singh filed on ground of his age and on the basis of Circular/Instruction No....
![Age is not a Bar for Prosecution of Non-furnishing of actual income: Delhi HC dismisses plea for quashing Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Delhi-High-Court-Prosecution-Non-furnishing-of-actual-income-income-taxscan-.jpg "Age is not a Bar for Prosecution of Non-furnishing of actual income: Delhi HC dismisses plea for quashing Proceedings [Read Order]")
IHC is part of Income from Operation of Ships in International Traffic under India- France DTAA, not Taxable: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), held that Inland Haulage Charges (IHC) is part of income from operation of ships in International Traffic under India- France Double...
![IHC is part of Income from Operation of Ships in International Traffic under India- France DTAA, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/IHC-Income-Income-from-Operation-Ships-International-Traffic-India-France-DTAA-DTAA-taxable-ITAT-Taxscan.jpg "IHC is part of Income from Operation of Ships in International Traffic under India- France DTAA, not Taxable: ITAT [Read Order]")
Delhi HC sets aside Rejection of Scholarship for Filing ITR instead of Income Certificate [Read Order]
A Single Bench of the Delhi High Court has recently quashed the rejection of the Petitioner, Bajrang’s application to avail of the Central Sector Scholarship Scheme of Top Class Education for SC...
![Delhi HC sets aside Rejection of Scholarship for Filing ITR instead of Income Certificate [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Delhi-HC-sets-aside-Rejection-of-Scholarship-for-Filing-ITR-instead-of-Income-Certificate-TAXSCAN.jpg "Delhi HC sets aside Rejection of Scholarship for Filing ITR instead of Income Certificate [Read Order]")
No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT), invalidated assessment by the Assessing Officer (AO) on the ground that there is no nexus between information and belief of escapement...
![No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Nexus-Information-Escapement-of-Income-Income-ITAT-Assessment-AO-taxscan.jpg "No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]")
Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), held that Income from Design Charges are business income to compute deduction under Section 10A of the Income Tax Act, 1961. The...
![Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Design-Charges-business-income-business-income-deduction-Income-Tax-Act-Income-Tax-Tax-ITAT-taxscan.jpg "Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]")