Telang. HC: Passing Preventive Detention Order for Repeated Illegal Sale of Spurious Liquor is Valid  ||  Kerala HC: Police Doesn’t Have Authority to Barge into Homes of History Sheeters at Night  ||  HP HC: Cannot Treat Amount Deposited Under Protest as Admission of Tax Liability  ||  Ker. HC Issues Directions for Notice to Entities Responsible for Polluting Thevara-Perandoor Canal  ||  Gauhati HC Issues Circular Directing Completion of Child Trafficking Cases Within 6 Months  ||  Delhi HC: Online Gaming Platform Winzo Files Suit against Removal of its YouTube Channel  ||  Supreme Court: Court’s Interim Order Only Applicable on Parties in the Suit  ||  SC Deprecates Practice of Parties Getting Bail & Later Going Back on Statements  ||  SC Proposes Laying Down Guidelines for Grant of OBC Certificates to Children of Single Mothers  ||  Mad. HC: Assistant Commissioner Can’t Issue Blanket Prohibitory Order Restraining Entry of Vehicles    

Search Results for Tag : Business income

Judgments

Unadjusted business loss of a particular year would be eligible to be carried forward to subsequent assessment years and for set off also(28.02.2024)

The appeal arises out of the order of the Commissioner of Income Tax (Appeals). The only issue to be decided in this appeal is as to whether the learn.....

Tags : Set off, Business income, Eligibility



Notifications & Circulars

Lease rent from letting out buildings/developed space along with other amenities in an Industrial Park/SEZ- to be treated as business income(25.04.2017)

The issue whether income arising from letting out of premises /developed space along with other amenities in an Industrial Park/SEZ is to be charged u.....

Tags : Lease rent, Industrial Park, Business income



News

ITAT Delhi: Rent from Fit-Out Hire Charges Will Fall Under Business Income(13.06.2019)

Income Tax Appellate Tribunal (ITAT), Delhi has noted that the income received from Fit-out Hire Charges would constitute “business income” under the .....

Tags : ITAT Delhi, Business Income



ITAT: Unascertained Liability Cannot be Allowed as Embezzlement Losses in Computing Business Income(10.03.2022)

Income Tax Appellate Tribunal (ITAT), Bangalore has held that the embezzlement loss stated by the assessee is not ascertained liability and hence cann.....

Tags : Income Tax Appellate Tribunal, Embezzlement Losses, Business Income



ITAT, Delhi: Suppression in Net Sales as Business Income, Can’t be Treated As Deemed Income(19.04.2022)

Income Tax Appellate Tribunal, Delhi has ruled that the income surrendered for suppression in the net sales shall be assessable as Income from Busines.....

Tags : Income Tax Appellate Tribunal, Suppression in Net Sales, Business Income



ITAT: Income from Cricket Betting is Business Income(12.07.2022)

Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has upheld addition of Income from Cricket Betting as Business Income.

Tags : ITAT, Cricket Betting, Business Income



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