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![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]")
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...
![Provisions relating to Book Profit not applicable when there is No Income Tax payable on Normal provisions of the Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Provisions-Book-Profit-income-tax-normal-provisions-of-the-Act-ITAT-Taxscan.jpg "Provisions relating to Book Profit not applicable when there is No Income Tax payable on Normal provisions of the Act: ITAT [Read Order]")
![ITAT: Compensation received for pre-closure of Contract Manufacturing Agreement is Capital Receipt; not Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Compensation-manufacturing-agreement-is-Capital-Receipt-Taxscan.jpg "ITAT: Compensation received for pre-closure of Contract Manufacturing Agreement is Capital Receipt; not Taxable [Read Order]")
![Interest Income linked with Power Plant set up is Capital Receipt, can’t be Taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-income-power-plant-capital-receipt-ITAT-Taxscan.jpg "Interest Income linked with Power Plant set up is Capital Receipt, can’t be Taxed: ITAT [Read Order]")
![Mesne Profits and its interest received for unauthorised occupation of immovable property by Indian Overseas Bank is taxable: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Mesne-Profits-interest-unauthorised-occupation-immovable-property-Indian-Overseas-Bank-Delhi-High-Court-Taxscan.jpeg "Mesne Profits and its interest received for unauthorised occupation of immovable property by Indian Overseas Bank is taxable: Delhi High Court [Read Judgment]")
![Compensation from Builder on cancellation of flat taxable as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-flat-compensation-Taxscan.jpg "Compensation from Builder on cancellation of flat taxable as Other Income: ITAT [Read Order]")
Entitlement earned for Carbon Credits is a Capital Receipt, can't be taxed as Revenue Receipt: ITAT
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that The entitlement earned for carbon credits is a capital receipt and cannot be taxed as a revenue receipt. The assessee, M/s. Bhoruka...
![Reimbursement of Equipment Lost in Hole is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Reimbursement-Capital-Receipt-Taxscan.jpg "Reimbursement of Equipment Lost in Hole is Capital Receipt: ITAT [Read Order]")
![Receipts from Carbon Credit is not Business Income: ITAT disallows Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Carbon-Credit-ITAT-Deduction-Claim-Taxscan.jpg "Receipts from Carbon Credit is not Business Income: ITAT disallows Deduction Claim [Read Order]")
Interest Received on FDRs/ICDs with Bank/NBFCs made out of Unutilized Funds which could not be used in development of Port Terminal is Capital Receipt: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) in the case of M/s. Karanja Terminal and Logistics Pvt. Ltd. held that interest received on FDRs/ICDs with bank/NBFCs made out of...
![Interest Received on FDRs/ICDs with Bank/NBFCs made out of Unutilized Funds which could not be used in development of Port Terminal is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Capital-Receipt-Taxscan.jpg "Interest Received on FDRs/ICDs with Bank/NBFCs made out of Unutilized Funds which could not be used in development of Port Terminal is Capital Receipt: ITAT [Read Order]")
![Subsidy received under Technical Upgradation Fund Scheme is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/VAT-Subsidy-Taxscan.jpg "Subsidy received under Technical Upgradation Fund Scheme is Capital Receipt: ITAT [Read Order]")
![Subsidy Received under Grain Distillery Scheme is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Subsidy-Taxscan.jpg "Subsidy Received under Grain Distillery Scheme is Capital Receipt: ITAT [Read Order]")