![Subsidy from State Govt under ‘Capital Investment Subsidy’ is a Non Taxable Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Subsidy-Taxscan.jpg "Subsidy from State Govt under ‘Capital Investment Subsidy’ is a Non Taxable Capital Receipt: ITAT [Read Order]")
Subsidy from State Govt under ‘Capital Investment Subsidy’ is a Non Taxable Capital Receipt: ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal on yesterday ruled that the amount received as subsidy from the State Government under ‘Capital...
![Madras HC Quashes Assessment against Cairn India [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Cairn-Capital-Gain-Tax-Taxscan.jpg "Madras HC Quashes Assessment against Cairn India [Read Judgment]")
![ITAT Deletes Penalty against Jaypee Sports Internationals as there was Reasonable Cause for Non-Deduction of Tax on Lease Rent [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Jaypee-Group-Taxscan.jpg "ITAT Deletes Penalty against Jaypee Sports Internationals as there was Reasonable Cause for Non-Deduction of Tax on Lease Rent [Read Order]")
![Petition challenging PAN-Aadhaar Linkage in SC dismissed as Withdrawn [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Aadhaar-PAN-Linking.jpg "Petition challenging PAN-Aadhaar Linkage in SC dismissed as Withdrawn [Read Order]")
Rent received during Eviction of Tenants on a Property Purchased for Setting Up of Project is not Taxable: ITAT [Read Order]
Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that rent received during eviction of tenants on a property purchased for setting up of project is not taxable as ”income from house...
![Rent received during Eviction of Tenants on a Property Purchased for Setting Up of Project is not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Rent received during Eviction of Tenants on a Property Purchased for Setting Up of Project is not Taxable: ITAT [Read Order]")
Compensation received by Parle for Settlement for Loss of its Bottling Rights with Coca Cola is not Taxable: Bombay HC [Read Judgment]
The Bombay High Court in its recent judgment held that income tax cannot be levied on compensation received by Parle for settlement for loss of its bottling rights with Coca Cola Company. The...
![Compensation received by Parle for Settlement for Loss of its Bottling Rights with Coca Cola is not Taxable: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/PARLE-Taxscan.jpg "Compensation received by Parle for Settlement for Loss of its Bottling Rights with Coca Cola is not Taxable: Bombay HC [Read Judgment]")
Sale of Idea Cellular’s Shares by a Mauritius subsidiary of Tata to Birla Group Company is Not Taxable in India: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal recently ruled that no tax can be levied on capital gain arisen on sale of Idea Cellular shares by a Mauritius subsidiary of the Tata’s to Birla...
![Sale of Idea Cellular’s Shares by a Mauritius subsidiary of Tata to Birla Group Company is Not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Tata-Taxscan.jpg "Sale of Idea Cellular’s Shares by a Mauritius subsidiary of Tata to Birla Group Company is Not Taxable in India: ITAT [Read Order]")
Assessee is entitled to Exemption u/s 54 even if he holds more than one Residential Property: ITAT [Read Order]
Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that an assessee is entitled to claim exemption under section 54F of the Income Tax Act even if he holds more than one residential...
![Assessee is entitled to Exemption u/s 54 even if he holds more than one Residential Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Assessee is entitled to Exemption u/s 54 even if he holds more than one Residential Property: ITAT [Read Order]")
![Income from Licensing a Property is a Business Income: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Hotel-Taxscan.jpg "Income from Licensing a Property is a Business Income: Kerala HC [Read Judgment]")
Supreme Court Strikes down provision Imposing Twin Condition for granting Bail under Sec. 45 of PMLA [Read Judgment]
A two-judge bench of the Supreme Court today struck down the provisions of Section 45(1) of the Prevention of Money Laundering Act, 2002, insofar as it imposes two further conditions for release on...
![Supreme Court Strikes down provision Imposing Twin Condition for granting Bail under Sec. 45 of PMLA [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Supreme Court Strikes down provision Imposing Twin Condition for granting Bail under Sec. 45 of PMLA [Read Judgment]")
ITAT allows Expenditure by Company for Travelling Expenses incurred on behalf of its Associated Companies [Read Order]
While dismissing the appeal of revenue, the New Delhi bench of Income Tax Appellate Tribunal in its recent order allowed a claim of expenditure by a Company for travelling expenses incurred on behalf...
![ITAT allows Expenditure by Company for Travelling Expenses incurred on behalf of its Associated Companies [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Travelling-Expenses-Taxscan.jpg "ITAT allows Expenditure by Company for Travelling Expenses incurred on behalf of its Associated Companies [Read Order]")