![Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Entertainment-subsidy-capital-receipt-ITAT-taxscan.jpg "Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]")
Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune held that Entertainment subsidy falls under capital receipt. The appeal has been filed by the Revenue...
![Excise Duty Subsidy / Excise Rollback is a Capital Receipt, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Excise-Duty-Subsidy-Rollback-Capital-Receipt-Taxable-ITAT-Taxscan.jpg "Excise Duty Subsidy / Excise Rollback is a Capital Receipt, not Taxable: ITAT [Read Order]")
![Subsidy received by Assessee under Package Scheme of Incentives is a Capital Receipt and Not Chargeable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Package-Scheme-Incentives-Capital-Receipt-Tax-ITAT-taxscan.jpg "Subsidy received by Assessee under Package Scheme of Incentives is a Capital Receipt and Not Chargeable to Tax: ITAT [Read Order]")
![Corpus Donations Received by an Un-Registered Trust Considered as Capital Receipt, not subject to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Corpus-Donations-Un-Registered-Trust-Capital-Receipt-Income-Tax-ITAT-taxscan.jpeg "Corpus Donations Received by an Un-Registered Trust Considered as Capital Receipt, not subject to Income Tax: ITAT [Read Order]")
![Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Compensation-Sterilization-Profit-Earning-Source-Capital-Receipt-Liable-to-Tax-ITAT-Taxscan.jpg "Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]")
Proceeds on Sale of Certified Emission Reduction Credit earned on Clean Development Mechanism is Capital Receipt, No Income Tax payable: Madras High Court [Read Judgment]
The Madras High Court ruled that the proceeds on the sale of certified emission reduction credit earned on clean development mechanism are a capital receipt, no Income Tax payable. The Revenue is...
![Proceeds on Sale of Certified Emission Reduction Credit earned on Clean Development Mechanism is Capital Receipt, No Income Tax payable: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/09/certified-emission-reduction-credit-clean-development-mechanism-capital-receipt-Income-Tax-payable-Madras-High-Court-Taxscan.jpg "Proceeds on Sale of Certified Emission Reduction Credit earned on Clean Development Mechanism is Capital Receipt, No Income Tax payable: Madras High Court [Read Judgment]")
Income Tax: Carbon Credit Receipts being 'Capital' in nature, can't be Taxed as Business Income, says Madras High Court
The Madras High Court while remitting the matter to AO for fresh adjudication ruled that Carbon Credit receipts cannot be considered as business income, it is a capital receipt. The revenue raised...
Sales Tax Subsidy received for expansion of Assessee's existing industry is Capital in Nature: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench ruled that the Sales Tax subsidy received for expansion of Assessee's existing industry is Capital in Nature. The respondent assessee, Emami...
![Sales Tax Subsidy received for expansion of Assessees existing industry is Capital in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Sales-Tax-subsidy-industry-Capital-in-Nature-ITAT-Taxscan.jpg "Sales Tax Subsidy received for expansion of Assessees existing industry is Capital in Nature: ITAT [Read Order]")
No Tax payable on Compensation for Acquisition of Agricultural Land by State Govt: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that no Tax payable on compensation for acquisition of agricultural land by the state government. The assessee, Nariender Kumar filed the...
![No Tax payable on Compensation for Acquisition of Agricultural Land by State Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/No-Tax-payable-Compensation-for-Acquisition-Agricultural-Land-state-government-ITAT-Taxscan.jpg "No Tax payable on Compensation for Acquisition of Agricultural Land by State Govt: ITAT [Read Order]")
Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]
The Madras High Court while dismissing the appeal of the revenue held that the Compensation received for refraining from carrying on competitive business was a capital receipt is not taxable during...
![Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Compensation-competitive-business-capital-receipt-Madras-HC-Taxscan.jpg "Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]")
Proceeds on Sale of Certified Emission Reduction Credit, earned on Clean Development Mechanism in wind energy operations is Capital Receipt, not Taxable: Madras High Court [Read Judgment]
The Madras High court held that proceeds realized on sale of Certified Emission Reduction Credit, which had been earned on the Clean Development Mechanism in its wind energy operations, is a capital...
![Proceeds on Sale of Certified Emission Reduction Credit, earned on Clean Development Mechanism in wind energy operations is Capital Receipt, not Taxable: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Certified-Emission-Reduction-Credit-Clean-Development-Mechanism-wind-energy-operations-capital-receipt-Madras-High-court-Taxscan.jpeg "Proceeds on Sale of Certified Emission Reduction Credit, earned on Clean Development Mechanism in wind energy operations is Capital Receipt, not Taxable: Madras High Court [Read Judgment]")
Rental Income in the Nature of Compensation for Alternate Accommodation from the developer is not Taxable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that rent received for alternate accommodation is not eligible to tax and deleted the enhancement of assessment made by the revenue. The...
![Rental Income in the Nature of Compensation for Alternate Accommodation from the developer is not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Rental-Income-Nature-of-Compensation-Alternate-Accommodation-developer-Taxable-ITAT-Taxscan.jpg "Rental Income in the Nature of Compensation for Alternate Accommodation from the developer is not Taxable: ITAT [Read Order]")