Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    New ITR-5 Form Unveiled for AY 2025-26 with Updated...     TaxTMI    Procedural Defect Leads to Invalidation of Tax...     TaxTMI    Judicial Resolution Enables Export Tax Refund...     TaxTMI    Revised ITR-3 Form Introduced for AY 2025-26,...     TaxTMI    SEBI Amends Stock Exchange Rules: Cooling-Off...     TaxTMI    Trustees Now Required to Disclose Litigation and...     TaxTMI    Customs Mutual Administrative Assistance Expanded:...     TaxTMI    RBI Extends Diamond Dollar Account Qualification...     TaxTMI    Firm's Multi-State Registration Sparks Legal...     TaxTMI    Technical Filing Glitch Overturned: GST Appeal...     TaxTMI    Landmark GST Ruling: Petitioners Win Right to...     TaxTMI    High Court Quashes Demand Orders for Procedural...     TaxTMI    Tax Notifications Upheld: Administrative Order...     TaxTMI    High Court Suspends GST Tax Credit Reversal Order,...     TaxTMI    Pending Supreme Court Decision Governs GST Tax...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

The investment in the excess stock has to be brought to tax ...


High Court Rules Excess Stock Investment Taxed as Business Income, Not Income from Other Sources.

November 7, 2017

Case Laws     Income Tax     HC

The investment in the excess stock has to be brought to tax under the head "business income" and not under the head "income from other sources" - HC

View Source

 

← Previous Next →

 

You may also like:

  1. Additional income offered on account of excess stock during the course of survey - business income of the assessee OR income from other sources liable to be taxed at a...

  2. Addition u/s. 69A - income surrendered during survey - undisclosed business income or income from other sources - What has been found during survey is excess stock of...

  3. Revision u/s 263 - Additions u/s 69 r.w.s. 115BBE - excess stock found during the course of survey as admitted to be the undisclosed business income of the assessee, by...

  4. Higher rate of tax u/s 115BBE - As noted that the assessee has declared additional income towards excess stock found during the course of survey and assessee has...

  5. Excess stock found during survey - search conducted u/s 133A - the excess stock found during search is nothing but business stock carried on by assessee which is not...

  6. Excess stock found during survey in assessee's business premises led to surrendered income. Assessing Officer accepted return figures but applied higher tax rate u/s...

  7. Excess cash and stock found during survey proceedings were treated as income from undisclosed sources, liable for taxation u/s 115BBE. The Assessing Officer (AO) ordered...

  8. ITAT determined that excess stock discovered during survey, though surrendered by assessee, cannot be taxed under Section 69B read with Section 115BBE. The undeclared...

  9. Addition u/s 69B r.w.s.115BBE - during the course of survey action discrepancies were found on account of physical verification of stock vis-a-vis regular books of...

  10. Unexplained investment u/s. 69B and levy of tax u/s 115BBE - income towards difference in stock - excess stock found during the course of survey - AO directed to assess...

  11. Treatment to income surrendered during survey on account of excess stock - business income or unexplained stock u/s 69B r.w.s.115BBE - the value of article/stock of the...

  12. Income from license fees - income under the head ‘Income from other sources’ OR 'business income' - AT

  13. Income declared in the survey carried out u/s 133A - Disallowance of salary to partners claimed u/s.40(b) - We are confronted with a situation, in which both the source...

  14. Addition u/s 69 r.w.s. 115BBE - Higher rate of tax treating the surrendered income as unexplained investment / income - Amount surrendered during a survey due to stock...

  15. The case involves the validity of assessments u/s 153A and 132 of the Income Tax Act. In the absence of incriminating material seized during the search, assessments...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: Complex Cross-Border Manufacturing Deal Navigates Intricate Legal Land...
F: Airspace Usage Fees Deemed Taxable Under GST Reverse Charge Mechanism ...
F: Navigating Complex GST Rental Invoice Challenges for Multi-State Corpo...
F: Bad Debt Claim Validation: Comprehensive Documentation Proves Income T...
F: Government Service Licenses Exempt from Reverse Charge Mechanism: Regu...
F: Corporate Social Responsibility Spending Not Tax-Deductible: Section 8...
F: Suppliers' Target Incentive Discounts: Navigating Accounting Complexit...
F: Professional Creative Services Blurred Tax Deduction Lines Between Con...
C: SEBI Enhances REIT Financial Disclosure Rules to Improve Transparency ...
H: Comprehensive SEBI Regulations Reshape Securitisation Framework with S...
H: Four Financial Entities Granted Aadhaar Authentication Powers Under Se...
H: Stainless Steel Washers Export-Import: DGFT Reinstates SION C-888 with...
H: Expanded SCOMET Export Rules Redefine Stockist Categories and Authoriz...
H: SEBI Mandates Investor Charter for KRAs to Boost Transparency, Protect...
H: Audit Compliance Mandate: GST Authorities Must Swiftly Provide Records...
C: Securities Regulator Updates InvIT Financial Disclosure Guidelines to ...
T: Venture Capital Tax Breakthrough: Streamlined Pass-Through Taxation Me...
T: Nonprofit Tax Enforcement: Comprehensive Liability Framework for Asset...
T: Nonprofit Tax Compliance: New Rule Imposes 1% Monthly Interest on Dela...
T: Nonprofit Tax Overhaul: Exit Tax on Accreted Income Targets Organizati...
T: Securitisation Trusts Get Tax Neutrality Boost: Investors Taxed Direct...
T: Tax Reform Clarifies Minimum Alternate Tax Calculations with Enhanced ...
T: Tax Reform Simplifies MAT and AMT Rules, Offering Strategic Exemptions...
T: Tax Provisions Clarify MAT and AMT Applicability, Ensuring Comprehensi...
T: Tax Credit Mechanism Expanded: MAT and AMT Rules Clarify Credit Calcul...
T: Tax Credit Mechanism Allows Carry Forward of Excess MAT/AMT Payments f...
A: One Person Companies Must File Annual Returns Regardless of Turnover t...
A: Karnataka High Court Ruling: Online Skill Games Not Gambling, Exempted...
A: GST Appellate Tribunal Introduces Comprehensive Procedural Framework f...
A: Corporate Restructuring Rules Establish Transparent Framework for Merg...