![A Sub-Licensee of Business Assets can’t be deemed as ‘Owner’ for the Purpose of Computing Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "A Sub-Licensee of Business Assets can’t be deemed as ‘Owner’ for the Purpose of Computing Rental Income: ITAT [Read Order]")
A Sub-Licensee of Business Assets can’t be deemed as ‘Owner’ for the Purpose of Computing Rental Income: ITAT [Read Order]
The Income Tax Appellate Tribunal, Kolkata bench while upholding the order of CIT (A), held that sub-licensee of business assets cannot be deemed as...
![Rental Income received by Infosys fom Its Subsidiary and BSNL constitute Profits from undertaking, Eligible for IT Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Infosys-Taxscan.jpg "Rental Income received by Infosys fom Its Subsidiary and BSNL constitute Profits from undertaking, Eligible for IT Deduction: ITAT [Read Order]")
Expenses in respect of Service Tax paid out of Rental Income is deductible from the Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) recently ruled that the expenses in respect of service tax paid out of rental income is deductible under the head ‘Profit and Gains of Business or profession’...
Rental Income and Service Charges from Leasing Out Malls/Commercial Complex constitute ‘Business Income’: Bombay HC [Read Order]
In CIT Mumbai v. M/s.E-City Project Construction Pvt. Ltd, division bench of the Bombay High Court held that rental income and service charges received by the assesse from leasing out malls/commercial...
![Rental Income and Service Charges from Leasing Out Malls/Commercial Complex constitute ‘Business Income’: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Malls-Rental-Income.jpg "Rental Income and Service Charges from Leasing Out Malls/Commercial Complex constitute ‘Business Income’: Bombay HC [Read Order]")
Rental Income from Letting out Shops in Mall is Income from Business not under the Head Income from House Property, says Allahabad HC [Read Judgment]
In Pr. Commissioner Of Income Tax, Allahabad vs. Atlantis Multiplex Pvt. Ltd, the division bench of Allahabad High Court held that, Rental Income received from letting out shops in a mall is Income...
Dept cannot Re-Fix Annual Rent Value when Rental Income shown by Assessee is Genuine & not influenced by Fraud, Collusion etc: ITAT [Read Order]
In ITO v. Sudhir Omprakash Bahl, the Mumbai ITAT held that the income tax authorities cannot determine the annual rent value on notional basis by ignoring the actual rent received by the asessee which...