Centre Releases Provisional Accounts for FY 2024–25: Revenue at ₹30.78 Lakh Crore, Expenditure at ₹46.55 Lakh Crore
The Ministry of Finance released the provisional and unaudited accounts of the Government of India for the Financial Year 2024–25 on May 30, 2025....
![Relief to Saint- Gobain India Pvt. Ltd: ITAT rules Excise Refund and Interest subsidy Received in pursuance to Incentive Announces and sanctioned are Capital Receipt [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Relief-Saint-Gobain-India-Pvt.-Ltd-ITAT-Excise-refund-Interest-subsidy-pursuance-incentive-announces-sanctioned-capital-receipt-taxscan.jpg "Relief to Saint- Gobain India Pvt. Ltd: ITAT rules Excise Refund and Interest subsidy Received in pursuance to Incentive Announces and sanctioned are Capital Receipt [Read Order]")
![Relief to Jindal India: ITAT treats Incentives under West Bengal Incentives Scheme as Capital Receipts, not Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Jindal-India-ITAT-Incentives-West-Bengal-Incentives-Scheme-Capital-Receipts-Taxable-ITAT-treats-Incentives-Taxscan.jpg "Relief to Jindal India: ITAT treats Incentives under West Bengal Incentives Scheme as Capital Receipts, not Taxable [Read Order]")
![Excise duty Refund are Purely Capital Receipts, not Chargeable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Excise-duty-Refund-Capital-Receipts-Tax-ITAT-taxscan.jpg "Excise duty Refund are Purely Capital Receipts, not Chargeable to Tax: ITAT [Read Order]")
Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]
The Bangalore bench of the ITAT, in a significant ruling on medical tourism, has held that the advance from overseas patients cannot be treated as capital receipts since the same cannot remain...
![Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Advance-from-Overseas-Patients-treated-as-Capital-Receipts-ITAT-Ruling-Medical-Tourism-Taxscan.jpeg "Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]")
Relief to JMW India: Interest Subsidy and Excise Duty Refund are Capital Receipts, rules ITAT [Read Order]
In a major relief to JMW India, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the interest subsidy and the excise duty refund shall be treated as capital receipts and therefore,...
![Relief to JMW India: Interest Subsidy and Excise Duty Refund are Capital Receipts, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/JMW-India-Interest-Subsidy-Excise-Duty-Refund-Capital-Receipts-ITAT-Taxscan.jpg "Relief to JMW India: Interest Subsidy and Excise Duty Refund are Capital Receipts, rules ITAT [Read Order]")
![ITAT orders MLFPS received to be treated as Capital Receipts only [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-MLFPS-Capital-Receipts-Taxscan.jpg "ITAT orders MLFPS received to be treated as Capital Receipts only [Read Order]")
![Deposits collected by Finance Company are Capital Receipts: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/07/Capital-Receipts-Supreme-Court-Taxscan.jpg "Deposits collected by Finance Company are Capital Receipts: Supreme Court [Read Judgment]")
![Receipts on Account of Transfer Fees and Stamp Duty would constitute Capital Receipts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Capital-Receipts-Taxscan.jpg "Receipts on Account of Transfer Fees and Stamp Duty would constitute Capital Receipts: ITAT [Read Order]")
Excess sum received by Assessee due to Fluctuation of Exchange Rates are Capital Receipts, Taxable as Capital gain: Calcutta HC [Read Judgment]
The division bench of the Calcutta High Court, in a recent decision observed that the excess sum received by the assessee due to fluctuation of exchange rates are capital receipts. It was further held...
![Excess sum received by Assessee due to Fluctuation of Exchange Rates are Capital Receipts, Taxable as Capital gain: Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Calcutta-High-Court-Tax-Scan.jpg "Excess sum received by Assessee due to Fluctuation of Exchange Rates are Capital Receipts, Taxable as Capital gain: Calcutta HC [Read Judgment]")