No Incriminating material to prove Involvement in Offence under PMLA: Delhi HC grants Bail on Furnishing Personal Bond [Read Order]
The Delhi High Court granted the bail on furnishing personal bond as there is no incriminating material to prove involvement in the offence under the...
![Subsidy given by State Governments on Account of Development of Multiplexes in State is a Capital Receipt: ITAT grants relief to PVR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/state-government-Multiplexes-capital-reciept-Subsidy-itat-relief-pvr-taxscan.jpg "Subsidy given by State Governments on Account of Development of Multiplexes in State is a Capital Receipt: ITAT grants relief to PVR [Read Order]")
![Reserves and Subsidy created out of Profit after deduction of Tax shall not be taxable when credited to Partners Capital Account: ITAT quashed Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reserves-Subsidy-Reserves-and-Subsidy-created-out-of-Profit-Profit-deduction-Tax-deduction-of-Tax-taxscan.jpg "Reserves and Subsidy created out of Profit after deduction of Tax shall not be taxable when credited to Partners Capital Account: ITAT quashed Order of CIT(A) [Read Order]")
![Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Amount-of-Subsidy-received-Investment-made-in-expansion-of-Industrial-unit-Amount-of-Subsidy-expansion-of-Industrial-unit-Capital-receipt-ITAT-taxscan.jpg "Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]")
Subsidy Received by Nestle India as Incentive to Establish Industrial Unit is Capital receipt, Cannot be Adjusted Against Block of Assets: Delhi HC [Read Order]
In a significant ruling the Delhi High Court observed that the Subsidy received by Nestle India, the assessee as incentive to establish industrial unit is Capital receipt and cannot be adjusted...
![Subsidy Received by Nestle India as Incentive to Establish Industrial Unit is Capital receipt, Cannot be Adjusted Against Block of Assets: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Subsidy-Received-by-Nestle-India-Nestle-India-Subsidy-Received-Incentive-to-Establish-Industrial-Unit-is-Capital-receipt-Block-of-Assets-Delhi-Highcourt-taxscan.jpg "Subsidy Received by Nestle India as Incentive to Establish Industrial Unit is Capital receipt, Cannot be Adjusted Against Block of Assets: Delhi HC [Read Order]")
Subsidy received from State Government as Sales Tax Challan not to be included in Transaction Value for levy of Central Excise Duty u/s 4 of Central Excise Act: CESTAT [Read Order]
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that the subsidy received from State Government as Sales Tax Challan not to be included in transaction...
![Subsidy received from State Government as Sales Tax Challan not to be included in Transaction Value for levy of Central Excise Duty u/s 4 of Central Excise Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Subsidy-State-Government-Sales-Tax-Challan-Transaction-Value-Central-Excise-Duty-levy-of-Central-Excise-Duty-Central-Excise-Act-CESTAT-Excise-Customs-Service-Tax-Taxscan-.jpg "Subsidy received from State Government as Sales Tax Challan not to be included in Transaction Value for levy of Central Excise Duty u/s 4 of Central Excise Act: CESTAT [Read Order]")
Subsidy/Incentive received are Capital Receipts, should be excluded from Book Profit u/s 115JB: ITAT grants relief to Birla Corporation [Read Order]
A Division Bench of the Income Tax Appellate Tribunal (ITAT), Kolkata Bench held that the Subsidy or incentive received are capital receipts, should be excluded from book profit under Section 115JB...
![Subsidy/Incentive received are Capital Receipts, should be excluded from Book Profit u/s 115JB: ITAT grants relief to Birla Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Subsidy-Incentive-Capital-Receipts-Book-Profit-ITAT-Birla-Corporation-taxscan.jpg "Subsidy/Incentive received are Capital Receipts, should be excluded from Book Profit u/s 115JB: ITAT grants relief to Birla Corporation [Read Order]")
![Subsidy received under TUF Scheme is Capital Receipt, allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Subsidy-TUF-Scheme-Capital-Receipt-Deduction-Subsidy-received-ITAT-taxscan.jpg "Subsidy received under TUF Scheme is Capital Receipt, allowable as Deduction: ITAT [Read Order]")
![Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Entertainment-subsidy-capital-receipt-ITAT-taxscan.jpg "Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]")
Subsidy received by Assessee under Package Scheme of Incentives is a Capital Receipt and Not Chargeable to Tax: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal has held that subsidy received by assessee under Package Scheme of Incentives is a capital receipt and not chargeable to tax. The assessee, Haldex...
![Subsidy received by Assessee under Package Scheme of Incentives is a Capital Receipt and Not Chargeable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Package-Scheme-Incentives-Capital-Receipt-Tax-ITAT-taxscan.jpg "Subsidy received by Assessee under Package Scheme of Incentives is a Capital Receipt and Not Chargeable to Tax: ITAT [Read Order]")
Subsidy Expenditure does not attract TDS Provision: ITAT set-asides Order Disallowing Subsidy u/s 40(a)(ia)
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has held that subsidy expenditure not attracts TDS provision and set asides the order disallowing subsidy u/s 40(a)(ia). The appellant...
