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Capital Receipt

Pre‑2002 transfer of Self‑generated Trademarks and Marketing Rights not Taxable as Capital Receipts: Gujarat HC [Read Order]

In a recent ruling, the Gujarat High Court has held that the pre‑2002 transfer of self‑generated trademarks and marketing rights cannot be taxed as...

Compensation for Surrendering Tenancy Rights is a Capital Receipt, Not a Service: CESTAT [Read...

Life Membership Fee received by Private Club is Capital Receipt, Not Taxable to Income: Madras HC...

Sale of REC/ Carbon Credits are Capital Receipt: ITAT Quashes Demand [Read Order]

Severance Compensation of Rs.15.5 Lakhs Deemed Capital Receipt, not Taxable u/s 17(3) of Income Tax...

Interest Income From Short Term Funds Infused By Govt Kept In Bank Till Its Utilization Is Capital Receipt: Kerala HC [Read Order]

The Kerala High Court in a significant case held that the 'interest income' on the short-term deposits of the funds infused by the Government, which are sanctioned for purpose of setting up of...

Hardship Allowance Received by Assessee from Developer as ‘compensation Towards Displacement' is not a ‘revenue receipt’: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Hardship Allowance received by assessee from Developer as ‘compensation towards displacement' is not a ‘revenue receipt’ ....

Interest Accrued on Amount not in Nature of Compensation is Capital Receipt: Delhi HC [Read Order]

In a recent decision the Delhi High Court observed that the interest accrued on amount not in nature of compensation is capital receipt. The appeal sought to assail the correctness of the order...

Delhi High Court - Capital Receipt - Interest Accrued on Amount - Nature of Compensation - Tax news - Nature of Compensation is Capital Receipt - Taxscan

Interest under Land Acquisition Act is Capital Receipt being an Integral part of enhanced Compensation, exempted u/s 10 (37): ITAT [Read Order]

In recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that interest under land acquisition Act is capital receipt being an integral part of enhanced compensation,...

Sales Tax Subsidy/Incentive Is Capital Receipt: Delhi HC [Read Order]

The Delhi High Court has held that sales tax subsidy/incentive is a capital receipt and upheld the order of the Income Tax Appellate Tribunal ( ITAT ). The argument advanced on behalf of the...

[BREAKING] Supreme Court refuses to decide Revenue/Capital Nature of Carbon Credit Receipts as not raised by Department in Jindal Steel & Power Case [Read Order]

The Apex Court has refused to give a verdict on the issue whether Carbon Credit is a revenue or capital receipt as not pressed by the department in a batch of Income tax appeals against Jindal Steel...

Supreme Court - Revenue-Capital Nature - Carbon Credit Receipts - Department- Jindal Steel & Power Case-TAXSCAN

Subsidy received in form of VAT reimbursement from State Governments towards Industrialization shall be termed Capital Receipt: ITAT grants relief to Britannia Industries [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to Britannia Industries held that the subsidy received in the form of Value Added Tax (VAT) reimbursement from the...