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Capital Receipt

Profit from Sale of Carbon Credit is “Capital Receipt”, Not Taxable: ITAT [Read Order]

Yogitha S. Yogesh

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that profit from the sale of Carbon Credit is “Capital Receipt” and held...

Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT...

Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read...

Amount Received as Compensation for Pre-closure of BOT projects is Capital Receipt: ITAT [Read...

Claim of Interest Subsidy from State Govt is Capital Receipt: ITAT grants relief to Birla...

Subsidy received under TUF Scheme is Capital Receipt, allowable as Deduction: ITAT [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the subsidy received under TUF Scheme is a capital receipt and allowable as a deduction. The Revenue challenged the...

Unregistered Trusts can Claim Income Tax Exemption of Corpus Donations: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Amritsar bench has held that the Trusts not registered under section 12/12A of the Income Tax Act, 1961 can claim tax exemption towards corpus donations...

Sale Tax Incentive Subsidy and Excise Duty Incentive are Capital Receipt, not chargeable to Tax: ITAT [Read Order]

The sale tax incentive subsidy and excise duty incentive are capital receipt and not chargeable to tax, was ruled by the Delhi bench of the Income Tax Appellate Tribunal (ITAT). The assessee,...

Life Membership Fees received by AOP is Capital Receipt, Not Taxable: ITAT [Read Order]

Income Tax Appellate Tribunal (ITAT), Jaipur Bench consisting of Sandeep Gosain, Judicial Member and Rathod Kamalesh Jayantibhai, Accountant Member held that Life membership fees received by AOP is...

Subsidy granted by Govt. for encouraging Industries are Capital Receipts: ITAT deletes Addition [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that subsidies granted by the government for encouraging industries are capital receipts and deletes addition. The assessee, M/s....

Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that development fees directly taken to corpus account and invested in a fixed asset can be allowed as capital receipt. The...

Sale of Carbon Credit is Capital Receipt: ITAT [Read Order]

Income Tax Appellate Tribunal (ITAT), Mumbai bench consisting of Kuldip Singh, Judicial Member and Gagan Goyal, Accountant Member held that Sale of Carbon Credit is Capital Receipt. Brief facts of...

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