![Land cannot be treated as Stock in Trade if No Construction was carried on It: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Stock-in-Trade.jpg "Land cannot be treated as Stock in Trade if No Construction was carried on It: ITAT [Read Order]")
Land cannot be treated as Stock in Trade if No Construction was carried on It: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that if no business activity or construction is carried out on a piece of land,...
![Builder not liable to pay Deemed Rent on Unsold Flats: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/05/Deemed-Rent-ITAT-Taxscan.jpg "Builder not liable to pay Deemed Rent on Unsold Flats: ITAT [Read Order]")
![Income from Flats and Shops held as Stock-in-Trade is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flat-Taxscan.jpg "Income from Flats and Shops held as Stock-in-Trade is Business Income: ITAT [Read Order]")
![Cash Purchase of Land would not violate S. 40A(3) in the Absence of Claim for Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Cash-Purchase-Taxscan.jpg "Cash Purchase of Land would not violate S. 40A(3) in the Absence of Claim for Business Expenditure: ITAT [Read Order]")
Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal, on Thursday held that the sale of agricultural land after developing the same into different plots is subject to tax as ‘Business Income’ under...
![Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]")
No Addition If the Lands Transferred by Holding Company are treated as ‘Stock-in-Trade’ by Subsidiary Companies: ITAT [Read Order]
In a recent ruling, the Hyderabad ITAT observed that when a Holding Company transfers its land to its 100% subsidiary company, it can be treated as a ‘transfer’ for the purpose of assessing as Capital...
No Disallowance u/s 14A can be made in case of Dividend Income Accrued from Shares kept as Stock in Trade: ITAT Kolkata
In DCIT v. M/s. Kredent Brokerage Services Pvt Ltd, the division bench of the Kolkata ITAT held that disallowance under section 14A of the Income Tax Act cannot be made in case of dividend income...
ITAT Kolkata allows deduction on Securities held by Co-operative society which constitutes ‘stock-in-trade’ [Read Order]
In a recent order of Income Tax Appellate Tribunal Kolkata held that, securities held by banks running co-operative society constitute their stock-in-trade and consequently the notional loss claimed...
![ITAT Kolkata allows deduction on Securities held by Co-operative society which constitutes ‘stock-in-trade’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "ITAT Kolkata allows deduction on Securities held by Co-operative society which constitutes ‘stock-in-trade’ [Read Order]")