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Income From Operating And Maintaining IT Park To Be Assessed Under Income from Business: ITAT

Income From Operating And Maintaining IT Park To Be Assessed Under "Income from Business": ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the income from operating and maintaining an IT park is to be assessed under the head "Income from Business".The two-member...

4 Oct 2022 6:30 AM GMT
ITAT Rejects The Claim Of NDTV To Treat Expenditure As Pre- Operative In Nature For The Assessment Year 2009- 2010

ITAT Rejects The Claim Of NDTV To Treat Expenditure As Pre- Operative In Nature For The Assessment Year 2009- 2010

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the business of the NDTV Studios had not been set up during the assessment year 2009- 2010 and all the expenses claimed by...

3 Sep 2022 11:30 AM GMT