![Forfeiture of Share Application money is Capital Receipt, not Revenue Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Forfeiture-of-Share-Application-money-Capital-Receipt-not-Revenue-Receipt-ITAT-income-tax-taxscan.jpg "Forfeiture of Share Application money is Capital Receipt, not Revenue Receipt: ITAT [Read Order]")
Forfeiture of Share Application money is Capital Receipt, not Revenue Receipt: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that forfeiture of share application money is capital receipt and not revenue...
![Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Amount-of-Subsidy-received-Investment-made-in-expansion-of-Industrial-unit-Amount-of-Subsidy-expansion-of-Industrial-unit-Capital-receipt-ITAT-taxscan.jpg "Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]")
![Subsidies received from Government of Maharashtra under Package Scheme Incentive is Capital Receipt: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Subsidies-Government-Maharashtra-Package-Schem-e-Incentive-Capital-Receipt-ITAT-TAXSCAN.jpg "Subsidies received from Government of Maharashtra under Package Scheme Incentive is Capital Receipt: ITAT deletes Addition [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]](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]")
![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]")
Subsidy received from Government of India to encourage the Deployment of Biomass Co-Generation system in Industries is Capital Receipt : ITAT
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that subsidy received from the Government of India to encourage the development of biomass co-operation system in...
![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]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the amount forfeited out of share capital would amount to “capital receipt” and therefore, the provisions of section 56(2)(ix) of...
![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]")