ITAT Rules Leasing of Educational Infrastructure Taxable as Business Income, Not House Property
ITAT rules that leasing educational infrastructure with allied services is taxable as business income, not house property, under the Income Tax Act.
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ITAT rules that leasing educational infrastructure with allied services is taxable as business income, not house property, under the Income Tax Act.
Supreme Court rules that share substitution in amalgamation is taxable as business income under Section 28 if shares are held as stock-in-trade.
ITAT Bengaluru rejects non-resident claim of Flipkart co-founder Binny Bansal, clarifies Section 6 residency rules and DTAA limits.
ITAT Ahmedabad grants relief to NRI in ₹66.95 lakh property case, holding TDS payment valid despite no ITR filing and restoring matter for fresh adjudication.
Courts and CBDT clarify that share valuation must strictly follow Rule 11UA. Isolated or negotiated transactions cannot override statutory FMV methods under income tax law.