SEBIÂ Notifies SEBI Mutual Funds (Amendment) Regulations 2025
The Security And Exchange Board of India through notification No. SEBI/LAD-NRO/GN/2025/230 notified Securities and Exchange Board of India ( Mutual...
![Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Receipt-of-Compensation-Capital-Receipt-ITAT-deletes-Addition-TAXSCAN.jpg "Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]")
![Amputation of Right Hand due to Accident Caused by UPSRTC Resulted in Appointing Driver: Delhi HC upholds MACT Order Granting Compensation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Amputation-of-Right-Hand-Accident-Caused-by-UPSRTC-Appointing-Driver-Delhi-High-Court-MACT-Compensation-taxscan.jpg "Amputation of Right Hand due to Accident Caused by UPSRTC Resulted in Appointing Driver: Delhi HC upholds MACT Order Granting Compensation [Read Order]")
![No Material to Challenge Interest on Compensation to Deceased Person: Delhi HC directs Oriental Insurance Company to pay Interest on Compensation from the Date of Filing To Realization of Compensation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Material-Challenge-Interest-Compensation-to-Deceased-Person-Delhi-High-Court-Oriental-Insurance-Company-Interest-on-Compensation-Date-of-Filing-Realization-of-Compensation-taxscan.jpg "No Material to Challenge Interest on Compensation to Deceased Person: Delhi HC directs Oriental Insurance Company to pay Interest on Compensation from the Date of Filing To Realization of Compensation [Read Order]")
Compensation Amount Unrelated to Sale Cost Cannot be Treated as Capital Expenditure u/s 37: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Compensation amount not having any relation with the cost towards the sale of area cannot be treated as capital expenditure under...
![Compensation Amount Unrelated to Sale Cost Cannot be Treated as Capital Expenditure u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Compensation-Amount-Unrelated-Sale-Cost-Treated-Capital-Expenditure-ITAT-taxscan.jpg "Compensation Amount Unrelated to Sale Cost Cannot be Treated as Capital Expenditure u/s 37: ITAT [Read Order]")
No service Tax Leviable on Penalty/compensation for Breach of Contract Which is not a Consideration for any Service: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that no service tax leviable on the penalty or compensation for the breach of contract which was not a...
![No service Tax Leviable on Penalty/compensation for Breach of Contract Which is not a Consideration for any Service: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/service-Tax-compensation-Breach-Contract-Consideration-Service-CESTAT-TAXSCAN.jpg "No service Tax Leviable on Penalty/compensation for Breach of Contract Which is not a Consideration for any Service: CESTAT [Read Order]")
Consent of Parties for Extending Arbitral Period need not Necessarily be in Writing: Himachal Pradesh HC [Read Order]
The Himachal Pradesh Court recently observed that the consent of parties for extending arbitral period need not necessarily be in writing. Land, building, trees etc. of the appellants situated in...
![Consent of Parties for Extending Arbitral Period need not Necessarily be in Writing: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Consent-Parties-Extending-Arbitral-Writing-Himachal-Pradesh-HC-TAXSCAN.jpg "Consent of Parties for Extending Arbitral Period need not Necessarily be in Writing: Himachal Pradesh HC [Read Order]")
Chhattisgarh HC directs 2 Impersonated Sales Tax Officers to pay Rs. 2L Compensation Duping Rs. 2.5L [Read Order]
A single bench of Justice Deepak Kumar Tiwari of Chhattisgarh High Court has instructed two individuals who posed as sales tax officers to provide Rs. 2 lakhs in compensation to the victims who were...
Compensation paid by Builder for Delay in Handing over Possession of Flat is part of Work-In-Progress: ITAT allows Deduction [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the compensation paid by the builder for delay in handing over the possession of the flat is a part of a work-in-progress, thus,...
![Compensation paid by Builder for Delay in Handing over Possession of Flat is part of Work-In-Progress: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Compensation-paid-Builder-for-Delay-in-Handing-over-Possession-of-Flat-Possession-of-Flat-Work-In-Progress-ITAT-allows-Deduction-taxscan.jpg "Compensation paid by Builder for Delay in Handing over Possession of Flat is part of Work-In-Progress: ITAT allows Deduction [Read Order]")
Compensation Received for Cancellation of Sale Agreement not Declared Service under Section 66E(e) of Finance Act: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), observed that the compensation received for the cancellation of sale agreement not “Declared Service’ under...
![Compensation Received for Cancellation of Sale Agreement not Declared Service under Section 66E(e) of Finance Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Compensation-Received-Sale-Agreement-not-Declared-Service-Compensation-Received-for-Cancellation-of-Sale-Agreement-Sale-Agreement-CESTAT-taxscan.jpg "Compensation Received for Cancellation of Sale Agreement not Declared Service under Section 66E(e) of Finance Act: CESTAT [Read Order]")
Compensation Paid by BCCI to CSA not Taxable under Termination Agreement under India-South Africa DTAA: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the compensation paid by the Board of Control for Cricket in India (BCCI) to Cricket South Africa is not taxable under...
![Compensation Paid by BCCI to CSA not Taxable under Termination Agreement under India-South Africa DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/BCCI-to-CSA-Compensation-Compensation-paid-BCCI-CSA-taxable-Termination-Agreement-India-South-Africa-DTAA-DTAA-ITAT-Income-Tax-taxscan.jpg "Compensation Paid by BCCI to CSA not Taxable under Termination Agreement under India-South Africa DTAA: ITAT [Read Order]")