![Proceeds received on Sale of Carbon Credit is a Capital Receipt and not Business Income: ITAT deletes addition on Income by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Carbon-credit-Business-income-Proceeds-received-on-Sale-of-Carbon-Credit-income-tax-act-taxscan.jpg "Proceeds received on Sale of Carbon Credit is a Capital Receipt and not Business Income: ITAT deletes addition on Income by AO [Read Order]")
Proceeds received on Sale of Carbon Credit is a Capital Receipt and not Business Income: ITAT deletes addition on Income by AO [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the proceeds received on the sale of carbon credit is a capital receipts and...
![Interest Subsidy received under technology upgradation fund is capital receipt, no tax chargeable :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Interest-Subsidy-technology-upgradation-fund-capital-receipt-tax-ITAT-fund-taxscan.jpg "Interest Subsidy received under technology upgradation fund is capital receipt, no tax chargeable :ITAT [Read Order]")
![Carbon Credit Receipt is Capital Receipt: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Carbon-Credit-Receipt-is-Capital-Receipt-Carbon-Credit-Receipt-Capital-Receipt-ITAT-deletes-Income-Tax-Addition-ITAT-Income-Tax-Addition-Taxscan.jpg "Carbon Credit Receipt is Capital Receipt: ITAT deletes Income Tax Addition [Read Order]")
![Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Amount-forfeited-Share-Capital-Amount-forfeited-out-of-Share-Capital-Capital-Receipt-Taxable-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]")
Compensation from Builder for Hardship faced during Vacating Flat for Redevelopment is Capital Receipt, Not Taxable: ITAT [Read Order]
In an assessee-friendly ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the compensation received from the builder for facing hardships on vacating the falt for...
![Compensation from Builder for Hardship faced during Vacating Flat for Redevelopment is Capital Receipt, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Compensation-from-Builder-Vacating-Flat-for-Redevelopment-Capital-Receipt-ITAT-TAXSCAN.jpg "Compensation from Builder for Hardship faced during Vacating Flat for Redevelopment is Capital Receipt, Not Taxable: ITAT [Read Order]")
Ex-Gratia Payment Received on Voluntary Retirement Not Taxable as “Profit in Lieu of Salary”: ITAT Deletes Addition [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the ex-gratia payment received by the employee on voluntary retirement cannot be taxed as “Profit in lieu of Salary” under...
![Ex-Gratia Payment Received on Voluntary Retirement Not Taxable as “Profit in Lieu of Salary”: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/assessmentEx-Gratia-Payment-Payment-Ex-Gratia-Payment-Received-on-Voluntary-Retirement-Voluntary-Retirement-Profit-in-Lieu-of-Salary-Profit-ITAT-ITAT-Deletes-Addition-Ex-Gratia-Payment-Received-Taxscan.jpg "Ex-Gratia Payment Received on Voluntary Retirement Not Taxable as “Profit in Lieu of Salary”: ITAT Deletes Addition [Read Order]")
Compensation from Builder in lieu of Consumer Court Order is Capital Receipt, No Income Tax: ITAT quashes Revision Proceedings [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that no income tax is to be levied on compensation from builders in lieu of a consumer court order as the same is in the nature of...
![Compensation from Builder in lieu of Consumer Court Order is Capital Receipt, No Income Tax: ITAT quashes Revision Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Compensation-Builder-in-lieu-Consumer-Court-Consumer-Court-Order-Capital-Receipt-Income-Tax-ITAT-Revision-Proceedings-Taxscan.jpg "Compensation from Builder in lieu of Consumer Court Order is Capital Receipt, No Income Tax: ITAT quashes Revision Proceedings [Read Order]")
![Compensation received for Non-Performance of Obligation by DDA is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Compensation-DDA-Capital-Receipt-ITAT-Income-tax-tax-taxscan.jpg "Compensation received for Non-Performance of Obligation by DDA is Capital Receipt: ITAT [Read Order]")
![Profit from Sale of Carbon Credit is “Capital Receipt”, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Profit-Carbon-Credit-Capital-Receipt-Taxable-ITAT-Income-Tax-Tax-Credit-taxscan.jpg "Profit from Sale of Carbon Credit is “Capital Receipt”, Not Taxable: ITAT [Read Order]")
Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) recently held that Incentive under Rajasthan investment promotion scheme 2010 is capital receipt therefore it was not taxable. The aforesaid...
![Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Incentive-Rajasthan-Investment-Promotion-Scheme-2010-Capital-Receipt-ITAT-Income-Tax-Investment-Promotion-Scheme-Rajasthan-Investment-Promotion-Scheme-taxscan-.jpg "Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT [Read Order]")
Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to M/s Vinati Organics Ltd, the assessee and confirmed treating sale tax subsidy received as capital receipt. The return...
![Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Vinati-Organics-ITAT-Sale-Tax-Subsidy-received-Capital-Receipt-TAXSCAN.jpg "Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]")