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...
![Major Relief to Tata Education and Development Trust for spending in Charitable objectives outside India: ITAT disallows CIT’s demand of over 100 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Tata-Education-Development-Trust-ITAT-Taxscan-1.jpg "Major Relief to Tata Education and Development Trust for spending in Charitable objectives outside India: ITAT disallows CIT’s demand of over 100 Cr [Read Order]")
![No Penalty can be levied based on Defective Notice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Defective-Notice-ITAT-Taxscan.jpeg "No Penalty can be levied based on Defective Notice: ITAT [Read Order]")
![Capital Gain Tax not leviable merely on Registration of Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Capital-Gain-Tax-ITAT-sale-deed-Taxscan.jpg "Capital Gain Tax not leviable merely on Registration of Sale Deed: ITAT [Read Order]")
Legality of Prior approval of Joint Commissioner for Assessment in Search Cases under Section 153D of the Income Tax Act, 1961
Section 153D of the act in the present Search Assessment regime mandates that prior approval is necessary for a valid assessment under Section 153A and 153C of the act. For the sake of brevity, the...
Income from Maintenance Services Taxable as 'Other Income' can’t be included in Rental Income: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the income from maintenance services received along with rental income cannot be included under the head “income from...
![Income from Maintenance Services Taxable as Other Income can’t be included in Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-16-1.jpg "Income from Maintenance Services Taxable as Other Income can’t be included in Rental Income: ITAT [Read Order]")
Non-Appearance before CIT (A) can be excused since Assessee is Senior Citizen and Computer Illiterate: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently nullified an ex-parte order passed by the CIT (A) on the ground that the notices for appearances were sent through e-mail and the...
![Non-Appearance before CIT (A) can be excused since Assessee is Senior Citizen and Computer Illiterate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Assessing-Officer.jpg "Non-Appearance before CIT (A) can be excused since Assessee is Senior Citizen and Computer Illiterate: ITAT [Read Order]")
No Jurisdiction of AO in Reopening of Assessment after 4 years by Reason of Failure on part of assessee: Madras HC [Read Judgment]
The High Court of Madras held that there is no jurisdiction of Assessing officer (AO) in the reopening of Assessment after 4 years by reason of failure on part of the assessee. The Assessing Officer,...
![No Jurisdiction of AO in Reopening of Assessment after 4 years by Reason of Failure on part of assessee: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/AO-Assessment-Jurisdiction-Taxscan.jpg "No Jurisdiction of AO in Reopening of Assessment after 4 years by Reason of Failure on part of assessee: Madras HC [Read Judgment]")
Registration can’t be Refused on the Ground that Trust has not commenced the Charitable / Religious-Activity: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that the registration under section 12AA of the Income-tax Act, 1961 cannot be refused on the ground that trust has not commenced the charitable or...
![Registration can’t be Refused on the Ground that Trust has not commenced the Charitable / Religious-Activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Addition-Search-ITAT-Taxscan.jpg "Registration can’t be Refused on the Ground that Trust has not commenced the Charitable / Religious-Activity: ITAT [Read Order]")
Non-Competent Fee paid by Coca Cola to Bottlers amount to Capital Expenditure, No Depreciation allowable: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount of non-competent fees paid by M/s Hindustan Coca Cola company would be treated as capital expenditure for which...
![Non-Competent Fee paid by Coca Cola to Bottlers amount to Capital Expenditure, No Depreciation allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Coca-Cola-Taxscan.jpg "Non-Competent Fee paid by Coca Cola to Bottlers amount to Capital Expenditure, No Depreciation allowable: ITAT [Read Order]")
Amount Transferable for Consumer’s Benefit can’t be included in Real Profit, Not Taxable: Delhi HC [Read Judgment]
The Delhi High Court held that the Income Tax Appellate Tribunal (ITAT) has correctly ruled that the amount transferred for the benefit of the customers does not constitute the part of assessee’s real...
![Amount Transferable for Consumer’s Benefit can’t be included in Real Profit, Not Taxable: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/SARFAESI-Act-Delhi-High-Court-Taxscan.jpg "Amount Transferable for Consumer’s Benefit can’t be included in Real Profit, Not Taxable: Delhi HC [Read Judgment]")