![Rental Income not to be Assessed as ‘Business Income’, Adjustment Made u/s 143(3) Unsustainable in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Rental-Income-Business-Income-ITAT-Taxscan.jpeg "Rental Income not to be Assessed as ‘Business Income’, Adjustment Made u/s 143(3) Unsustainable in Law: ITAT [Read Order]")
Rental Income not to be Assessed as ‘Business Income’, Adjustment Made u/s 143(3) Unsustainable in Law: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench, has recently, in an appeal filed before it, held that rental income shall not to be assessed...
![Rental Income from IT Park is Income from Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Rental-income-IT-Park-Income-from-Business-ITAT-taxscan.jpeg "Rental Income from IT Park is Income from Business: ITAT [Read Order]")
![Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Rental-Income-Tenant-ITAT-taxscan.jpeg "Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]")
![Rent from Unsold Flat by Developer Taxable as Income from House Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Rent-Unsold-Flat-Developer-Income-from-House-Property-ITAT-Taxsacan.jpg "Rent from Unsold Flat by Developer Taxable as Income from House Property: ITAT [Read Order]")
![Income of Hire Charges cant be earned without incurring Expenditure, Disallowance of Expenditure not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-disallowance-of-expenditure-sustainable-ITAT-Taxscan.jpg "Income of Hire Charges cant be earned without incurring Expenditure, Disallowance of Expenditure not sustainable: ITAT [Read Order]")
Rental Income from Building cannot be treated as Business Income since Assessee is not Involved in Business of Leasing: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench has held that the rental income received from the building cannot be treated as business income of the assessee who is not involved in...
![Rental Income from Building cannot be treated as Business Income since Assessee is not Involved in Business of Leasing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-Vishakapattanam-Rental-Income-Business-Income-Assessee-Business-of-Leasing-ITAT-taxscan.jpeg "Rental Income from Building cannot be treated as Business Income since Assessee is not Involved in Business of Leasing: ITAT [Read Order]")
Higher Rate of Depreciation available to Vehicles let out on Hire Only If Assessee furnish Details: ITAT [Read Order]
The Ahmedabad bench of the ITAT has held that the assessee can avail higher rate of depreciation available to vehicles let out on hire subject to submission of details. The assessee, M/s Jaihind...
![Higher Rate of Depreciation available to Vehicles let out on Hire Only If Assessee furnish Details: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Depreciation-Vehicles-Assessee-ITAT-taxscan.jpg "Higher Rate of Depreciation available to Vehicles let out on Hire Only If Assessee furnish Details: ITAT [Read Order]")
Developer shall pay Service Tax on Rental Income received from Letting out of Residential Flats and Commercial Spaces: CESTAT [Read Order]
The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the developer is liable to pay service tax on the amount received as rental income on letting out of...
![Developer shall pay Service Tax on Rental Income received from Letting out of Residential Flats and Commercial Spaces: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Developer-Service-Tax-Rental-Residential-Flats-Commercial-Spaces-CESTAT.jpg "Developer shall pay Service Tax on Rental Income received from Letting out of Residential Flats and Commercial Spaces: CESTAT [Read Order]")
Annual Mixed Charges paid to Municipal Corporation of Delhi cannot treated as 'Tax', not Deductible from Rental Income: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the annual mixed charges paid to the Municipal Corporation of Delhi would not amount to ‘tax’ and allowable under section 23...
![Annual Mixed Charges paid to Municipal Corporation of Delhi cannot treated as Tax, not Deductible from Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Annual-Mixed-Municipal-Corporation-of-Delhi-Tax-rental-Income-ITAT-taxscan.jpg "Annual Mixed Charges paid to Municipal Corporation of Delhi cannot treated as Tax, not Deductible from Rental Income: ITAT [Read Order]")
Depreciation can’t be claimed on Factory Building leased out to Earn Rental Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the depreciation cannot be claimed on the factory building leased out to earn the rental income taxable as “Income from House...
![Depreciation can’t be claimed on Factory Building leased out to Earn Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Unabsorbed-depreciation-Madras-High-Court-Taxscan.jpg "Depreciation can’t be claimed on Factory Building leased out to Earn Rental Income: ITAT [Read Order]")
No GST payable for Renting of Space for Stalls with the objective of Advancement of Religion for Rent not above Rs.10k: AAR [Read Order]
The Telangana Authority of Advance Ruling (AAR) ruled that no GST payable for renting of space for stalls with the objective of advancement of religion for the Rent not above Rs.10,000. The...
![No GST payable for Renting of Space for Stalls with the objective of Advancement of Religion for Rent not above Rs.10k: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/renting-of-space-for-stalls-aar-gst-Taxscan.jpeg "No GST payable for Renting of Space for Stalls with the objective of Advancement of Religion for Rent not above Rs.10k: AAR [Read Order]")
Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the rental income received through sub-leasing of the property shall be treated as the business income of the assessee as...
![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]")