Bombay HC: Clarifies Procedure for Executing Foreign Decrees  ||  Supreme Court: Bureaucratic Delay No Excuse  ||  Supreme Court Grants Full Disability Pension Arrears to Veterans  ||  Delhi HC: Workman Cannot Claim Section 17(B) of the ID Act Wages after Reaching Superannuation Age  ||  Allahabad HC: Caste by Birth Remains Unchanged Despite Conversion or Inter-Caste Marriage  ||  Delhi High Court: Tweeting Corruption Allegations Against Employer Can Constitute Misconduct  ||  Delhi High Court: State Gratuity Authorities Lack Jurisdiction over Multi-State Establishments  ||  Kerala High Court: Arrest Grounds Need Not Mention Contraband Quantity When No Seizure is Made  ||  SC: Silence During Investigation Does Not Ipso Facto Mean Non-Cooperation to Deny Bail  ||  Supreme Court: High Courts Cannot Re-Examine Answer Keys Even in Judicial Service Exams    

ITAT, Pune: License Fees for Use of Industrial Parks Assessable as ‘Business Income’ - (18 Feb 2020)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Pune has recently held that the license fees received for the use of Industrial Parks should be assessed as business income. The Tribunal further held that such income should not be treated as the income from house property according to the judicial pronouncements and the Central Board of Direct Taxes Circular.

Tags : INCOME TAX APPELLATE TRIBUNAL   LICENSE FEES FOR USE OF INDUSTRIAL PARKS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved