![Compensation Received for Relinquishment of Right in a Property is assessable under ‘Income from Capital Gains’ and eligible for Deduction u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Relinquishment-Property-Income-Capital-Gains-Deduction-ITAT-Taxscan.jpg "Compensation Received for Relinquishment of Right in a Property is assessable under ‘Income from Capital Gains’ and eligible for Deduction u/s 54F: ITAT [Read Order]")
Compensation Received for Relinquishment of Right in a Property is assessable under ‘Income from Capital Gains’ and eligible for Deduction u/s 54F: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) presided by Mr. I G. Manjunatha, Accountant Member, and Mr. Anikesh Banerjee,...
![Compensation Received by Assessee as Salary Received in Advance: ITAT holds Assessee can Avail Relief on Terminal Compensation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Compensation-Received-Assessee-Salary-Received-ITAT-Assessee-Avail-Terminal-Compensation-Taxscan.jpeg "Compensation Received by Assessee as Salary Received in Advance: ITAT holds Assessee can Avail Relief on Terminal Compensation [Read Order]")
![Interest received on Enhanced Compensation during Land Acquisition is not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Interest-Compensation-Land-Acquisition-Taxable-ITAT-taxscan.jpeg "Interest received on Enhanced Compensation during Land Acquisition is not Taxable: ITAT [Read Order]")
![Delay in Completing Assessment after 4 Years of Search: Bombay HC allows Compensation to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Delay-Completing-Assessment-Bombay-HC-Compensation-Assessee-Taxscan.jpeg "Delay in Completing Assessment after 4 Years of Search: Bombay HC allows Compensation to Assessee [Read Order]")
![Interest received on Enhanced Compensation does not come under ‘Income from Other Sources’ u/s 56 and does not Attracts TDS u/s 194A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Interest-Compensation-Income-from-Other-Source-TDS-ITAT-TAXSCAN.jpeg "Interest received on Enhanced Compensation does not come under ‘Income from Other Sources’ u/s 56 and does not Attracts TDS u/s 194A: ITAT [Read Order]")
Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the amount of compensation received by the assesse for sterilization of the profit earning source is a capital receipt...
![Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Compensation-Sterilization-Profit-Earning-Source-Capital-Receipt-Liable-to-Tax-ITAT-Taxscan.jpg "Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]")
Rajasthan HC refers issue of Interest on Compensation for Motor Accident Claims exigible to Tax, is insurance company required to deduct TDS to Larger Bench [Read Order]
The Rajasthan High Court has referred the issue of interest on compensation for motor accident claims exigible to tax, does the insurance companies are required to deduct TDS to Larger Bench. ...
![Rajasthan HC refers issue of Interest on Compensation for Motor Accident Claims exigible to Tax, is insurance company required to deduct TDS to Larger Bench [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Rajasthan-High-Court-Rajasthan-HC-interest-compensation-motor-accident-tax-insurance-company-deduct-TDS-Larger-Benc.jpg "Rajasthan HC refers issue of Interest on Compensation for Motor Accident Claims exigible to Tax, is insurance company required to deduct TDS to Larger Bench [Read Order]")
Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]
The Madras High Court while dismissing the appeal of the revenue held that the Compensation received for refraining from carrying on competitive business was a capital receipt is not taxable during...
![Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Compensation-competitive-business-capital-receipt-Madras-HC-Taxscan.jpg "Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]")
Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai, has ruled that interest received by the assessee towards delayed payment of compensation for compulsory acquisition of land is akin to compensation...
![Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Compensation-Compulsory-Land-Acquisition-exempted-from-Income-Tax-ITAT-Taxscan.jpg "Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]")
![No Income Tax on Compensation Paid for Govt Acquired Land: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/Income-Tax-Acquired-Land-Compensation-Taxscan.jpg "No Income Tax on Compensation Paid for Govt Acquired Land: Kerala HC [Read Judgment]")
No Income Tax on Compensation / Enhanced Compensation Received on Compulsory Acquisition of Agricultural Land: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax cannot be levied on the compensation or enhanced compensation received on Compulsory Acquisition of the...
![No Income Tax on Compensation / Enhanced Compensation Received on Compulsory Acquisition of Agricultural Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Retrenchment-Compensation-Taxscan.jpg "No Income Tax on Compensation / Enhanced Compensation Received on Compulsory Acquisition of Agricultural Land: ITAT [Read Order]")