Interest earned on borrowed funds/ unutilized capital subsidy are capital receipts In a recent judgment, Hon'ble Guwahati High Court has…
Forfeiture of advance received on agreement to sale of property is capital receipt not income from other sources ABCAUS Neutral…
Entrance fee received by Club capital receipt not revenue. Supreme Court dismissed SLP of the Income Tax Department ABCAUS Case…
Receipts from transfer of the Carbon Credits are capital in nature and not are chargeable to tax. In the instant…
Technology Upgradation Fund Subsidy received was capital receipt and not taxable. Supreme Court dismisses the SLP of the Department In…
No concealment penalty for claiming capital expenditure as revenue when there is no conscious and deliberate attempt by assessee to…
Expenditure incurred by the assessee towards replacement of machinery with new machinery constitutes a capital expenditure. ABCAUS Case Law CitationABCAUS…
Mesne profits and interest on mesne profits awarded by Court for unauthorised occupation by tenant taxable tax u/s 23(1) ABCAUS…
Training Expenses on company executive revenue in nature not capital as the workforce can move out any time-ITAT ABCAUS Case…
Expenditure on ERP Software allowed as Revenue in nature despite being treated as deferred revenue expenditure in the books of…