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

SC Explains When Shares Received After Company Amalgamation are Taxable as Business Income(12.01.2026)

Supreme Court has held that shares obtained through a corporate amalgamation are taxable as business income under Section 28 of the Income Tax Act at .....

Tags : Shares, Amalgamation, Business Income