![Mesne Profits Received for Wrongful Deprivation of Use and Occupation of Property is Capital Receipt, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Mesne-Profits-Taxscan.jpg "Mesne Profits Received for Wrongful Deprivation of Use and Occupation of Property is Capital Receipt, Not Taxable: ITAT [Read Order]")
Mesne Profits Received for Wrongful Deprivation of Use and Occupation of Property is Capital Receipt, Not Taxable: ITAT [Read Order]
The Kolkata bench of the ITAT in ITO v. Shri Kamal Kumar Ghosh (Deceased), held that the Mesne Profits received by assessee for wrongful deprivation...
![Compensation Received by Way of Award Due to Non-Supply of Land Under the Agreement is Capital Receipt: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Capital-Receipt-Taxscan.jpg "Compensation Received by Way of Award Due to Non-Supply of Land Under the Agreement is Capital Receipt: Delhi HC [Read Judgment]")
![Amount received on Cancellation of Auction is not subject to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Capital-Receipts-Taxscan.jpg "Amount received on Cancellation of Auction is not subject to Income Tax: ITAT [Read Order]")
![Amount received as Non-Competent Fee is Capital receipt: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Non-Compete-Fee-Taxscan.jpg "Amount received as Non-Competent Fee is Capital receipt: Delhi HC [Read Judgment]")
Subsidy in the form of Exemption from Entertainment Duty to Newly Established Multiplex Theatres under State’s Scheme is Capital Receipt: SC [Read Judgment]
The Supreme Court of India recently ruled that a subsidy in the form of exemption from entertainment duty to newly established Multiplex Theatres under State’s scheme is capital receipt, and hence,...
![Subsidy in the form of Exemption from Entertainment Duty to Newly Established Multiplex Theatres under State’s Scheme is Capital Receipt: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Subsidy in the form of Exemption from Entertainment Duty to Newly Established Multiplex Theatres under State’s Scheme is Capital Receipt: SC [Read Judgment]")
Subsidy from State Govt under ‘Capital Investment Subsidy’ is a Non Taxable Capital Receipt: ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal on yesterday ruled that the amount received as subsidy from the State Government under ‘Capital Investment subsidy’ is not taxable under the Income...
![Subsidy from State Govt under ‘Capital Investment Subsidy’ is a Non Taxable Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Subsidy-Taxscan.jpg "Subsidy from State Govt under ‘Capital Investment Subsidy’ is a Non Taxable Capital Receipt: ITAT [Read Order]")
![Share Premium is Capital Receipt, Not taxable: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Share Premium is Capital Receipt, Not taxable: Bombay HC [Read Judgment]")
Interest from Bank Deposits prior to the period of Commencement of Business is Capital Receipt: ITAT Chandigarh [Read Order]
In a recent ruling, the ITAT Chandigarh held that the interest from Bank deposits prior to the period of commencement of the business is Capital receipt. It further allowed the assesses’ claim to set...
![Interest from Bank Deposits prior to the period of Commencement of Business is Capital Receipt: ITAT Chandigarh [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest from Bank Deposits prior to the period of Commencement of Business is Capital Receipt: ITAT Chandigarh [Read Order]")
Amount Remissioned under Deferral Sales Tax Scheme is Capital Receipt, Not Taxable: ITAT Mumbai [Read Order]
In DCIT v. ThyssenKrupp Electrical Steel India Pvt. Ltd, the ITAT Mumbai held that the remissioned under deferral sales tax scheme constitute capital receipt which is not taxable in the hands of the...
![Amount Remissioned under Deferral Sales Tax Scheme is Capital Receipt, Not Taxable: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Cash-Payments.jpg "Amount Remissioned under Deferral Sales Tax Scheme is Capital Receipt, Not Taxable: ITAT Mumbai [Read Order]")
Subsidy Received for Setting Up or Expansion of Industry is ‘Capital Receipt’, Not Taxable: ITAT Delhi [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal held that, Subsidy received for setting up of or expansion of industry falls in the realm of ‘Capital receipt’ which is not chargeable to tax. ...
![Subsidy Received for Setting Up or Expansion of Industry is ‘Capital Receipt’, Not Taxable: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Subsidy-Tax-Scan.jpg "Subsidy Received for Setting Up or Expansion of Industry is ‘Capital Receipt’, Not Taxable: ITAT Delhi [Read Order]")