![Rental Income from Letting Out Properties by Builder is House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Rent-Income-Taxscan.jpg "Rental Income from Letting Out Properties by Builder is House Property Income: ITAT [Read Order]")
Rental Income from Letting Out Properties by Builder is House Property Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) bench has held that the rental income received by the builder cannot be treated as business income and the...
![Enjoyment of Property with Ownership Rights necessary condition for ‘Deemed Owner’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Service-Tax-Property-Value-Taxscan.jpg "Enjoyment of Property with Ownership Rights necessary condition for ‘Deemed Owner’: ITAT [Read Order]")
![Rent received after purchase of already let out Warehouse is ‘House Property Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/11/Warehouse-Taxscan.jpg "Rent received after purchase of already let out Warehouse is ‘House Property Income’: ITAT [Read Order]")
Rental Income can be treated as 'Business Income' even if Principal Object of Company is not Letting out of Properties: Madras HC [Read Judgment]
The Madras High Court has held that the rental income received by the company is assessable as income from ‘Profits and Gains from Business and Profession’ even if the principal object of the company...
![Rental Income can be treated as Business Income even if Principal Object of Company is not Letting out of Properties: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Rental Income can be treated as Business Income even if Principal Object of Company is not Letting out of Properties: Madras HC [Read Judgment]")
Municipal Ratable Value applicable If House is Self-Occupied by Assessee and has Actual Rental Income: ITAT [Read Order]
The Jodhpur bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the house which is not having any actual rental income but self-occupied by the assessee, then deemed rent should be...
![No TDS on Premium paid for a limited period for Acquisition of Leasehold Rights: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-of-India-1-Tax-Scan.jpg "No TDS on Premium paid for a limited period for Acquisition of Leasehold Rights: SC [Read Judgment]")
Professional Charges for Processing Loan for Construction of Property from which Assessee Received Rental Income not allowable as Business Expenditure: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently held that the professional charges paid by the assessee for processing of loan for the construction of the property cannot be...
![Professional Charges for Processing Loan for Construction of Property from which Assessee Received Rental Income not allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Expenditure-Taxscan.jpg "Professional Charges for Processing Loan for Construction of Property from which Assessee Received Rental Income not allowable as Business Expenditure: ITAT [Read Order]")
Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]
The Supreme Court, in Commissioner of Income Tax vs. Virtual Soft Systems Ltd. held that deduction on account of lease equalization charges from lease rental income can be allowed under the Income Tax...
![Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Lease-Equalization-Charges-Taxscan.jpg "Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]")
Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]
In the case between M/s. Runwal Constructions vs. Assistant Commissioner of Income Tax, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently ruled that the Assessing Officer cannot take...
![Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flat-Taxscan.jpg "Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]")