Search Results for Tag : Receipt
Notifications & Circulars
Tax on services received by apparel exporters in fabrication of garments(15.12.2015)
The Ministry of Finance has sought to clarify ambiguities regarding the applicability of service tax on services received by an apparel exporter from .....
Tags : Service tax, apparel, export, receipt
Extension of time for receiving comments on Consultation Paper on 'Review of regulatory framework for the use of USSD for mobile financial services'(29.08.2016)
Telecom Regulatory Authority of India (TRAI) issued a Consultation Paper on 'Review of regulatory framework for the use of USSD for mobile financial s.....
Tags : Comments, Receipt, Time, Extension
Abolition of Mate receipt(24.11.2016)
1. Ministry of Shipping had constituted a Committee under the Chairmanship of Director General of Shipping to recommend simplification and automation .....
Tags : Mate receipt, Abolition, Export
Extension of time for receiving comments/counter-comments on Consultation Paper on 'Approach towards Sustainable Telecommunications'(13.02.2017)
Telecom Regulatory Authority of India (TRAI) has released a Consultation paper titled 'Approach towards Sustainable Telecommunications' on 16.01.2017 .....
Tags : Comments, Receipt, Time, Extension
News
ITAT Chandigarh: Interest from Bank Deposits Prior to Commencement of Business is Capital Receipt(20.06.2017)
ITAT Chandigarh has held that interest from Bank deposits prior to the period of commencement of business is Capital receipt.
Tags : ITAT Chandigarh, Capital Receipt
Receipt for Relinquishment of ‘Right to Sue’ Not Taxable: ITAT(05.10.2018)
Income Tax Appellate Tribunal (ITAT) has held that consideration received for relinquishment of ‘Right to Sue’ does not attract income tax either unde.....
Tags : ITAT, Receipt for Relinquishment, Right to Sue
Receipt from Patients Shared with Consulting Doctors in Fixed Ratio Subject to TDS: Bombay HC(17.04.2019)
Bombay High Court has held that sharing of receipts received from patients with consultant doctors in fixed ratio was liable for Tax Deduction at Sour.....
Tags : Bombay High Court, Receipt from Patients
ITAT Kolkata: Subsidy Collected Under Technical Upgradation Fund Scheme is Capital Receipt(25.06.2019)
Income Tax Appellate Tribunal (ITAT) Kolkata has noted that the subsidy received under the technical upgradation fund (TUF) scheme is the capital rece.....
Tags : ITAT Kolkata, Capital Receipt
Apex Court: Deposits Collected by Finance Company are Capital Receipts(22.07.2019)
Apex Court has held that the deposits collected by a finance company are capital receipts and not revenue receipts. The Court also held that the prima.....
Tags : Apex Court, Capital Receipts
Extension of time to receive comments on draft Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) (Amendment) Regulations, 2019(11.09.2019)
The Telecom Regulatory Authority of India (TRAI) had issued draft Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Sys.....
Tags : Time, Extension, Comments, Receipt, Regulations
Recovery of Interest on delayed remittance of Government Receipts into Government Account(26.09.2019)
In Circular DGBA.GAD.No.H-4831/42.01.011/2012-13 dated February 13, 2013 wherein, in order to bring uniformity in the procedure of reporting both cent.....
Tags : Government Receipts, Recovery, Interest
SEBI Comes Out with Liberalised Norms for Depository Receipts(11.10.2019)
Securities and Exchange Board of India has come out with a detailed framework for issuance of depository receipts (DRs), a move that will provide Indi.....
Tags : SEBI, Depository Receipts
Supreme Court: Income to be Classified ‘Revenue Receipt’ on Grounds that Post in Trust not Lifetime(19.12.2019)
Supreme Court has observed on the basis of statement-admission by the Appellant that he was holding the impugned post in the Trust until 1996 by virtu.....
Tags : Supreme Court, Revenue Receipt
ITAT, Chennai Disallows Deduction Claim on Receipts from Carbon Credit(12.02.2020)
Income Tax Appellate Tribunal (ITAT), Chennai has held that the receipts from the sale of the carbon credit are liable to be treated as the capital re.....
Tags : Income Tax Appellate Tribunal, Deduction Claim on Receipts from Carbon Credit
Product specifications pertaining to the Electronic Gold Receipts segment in India(28.03.2022)
1. SEBI vide Circular no. SEBI/HO/CDMRD/DMP/CIR/P/2022/07 dated January 10, 2022, has issued framework for operationalizing the Gold Exchange in India.....
Tags : Product specifications, Electronic, Receipts
ITAT, Mumbai: Corpus Donations by Un-Registered Trust Considered as Capital Receipt(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that Corpus Donations received by an un-registered trust will be under the purview of Capital Recei.....
Tags : Income Tax Appellate Tribunal, Corpus Donations, Capital Receipt
NCLAT: Mere Error of Address in Postal Receipt Does not Bely Sending of Notice(13.04.2022)
National Company Law Appellate Tribunal has observed that mere address error in Postal Receipt does not bely the sending of notice by Operational Cred.....
Tags : National Company Law Appellate Tribunal, Postal Receipt
ITAT, Mumbai: Corpus Donations Received by Trust Not Taxable, Even If Trust Is unregistered(18.04.2022)
Income Tax Appellate Tribunal, Mumbai has held that the corpus donations received by a Trust for a specific purpose are not taxable, even if the Trust.....
Tags : Income Tax Appellate Tribunal, Section 12 A of the Income Tax Act, 1961, capital receipt
ITAT, Mumbai: Corpus Donations Received by Trust Not Taxable, Even If Trust Is unregistered(18.04.2022)
Income Tax Appellate Tribunal, Mumbai has held that the corpus donations received by a Trust for a specific purpose are not taxable, even if the Trust.....
Tags : Income Tax Appellate Tribunal, Section 12 A of the Income Tax Act, 1961, capital receipt
ITAT, Jaipur: FDRs Interest Made for Business Purposes Shall be Treated as Business Income(29.04.2022)
Income Tax Appellate Tribunal, Jaipur has ruled that the interest income received from the Fixed Deposit Receipt made for business purposes and for ge.....
Tags : Income Tax Appellate Tribunal, Fixed Deposit Receipt, Income from Other Sources, Income Tax Act, 1961
ITAT: Entertainment Subsidy Falls Under Capital Receipt(22.06.2022)
Income Tax Appellate Tribunal (ITAT), Pune Bench has held that Entertainment subsidy falls under capital receipt.
Tags : ITAT, Entertainment Subsidy, Capital Receipt
ITAT: Development Fee Taken to Corpus Account & Invested in Fixed Asset is Capital Receipt(06.07.2022)
Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that development fees directly taken to corpus account and invested in a fixed asset can be.....
Tags : ITAT, Development Fees, Capital Receipt
Del HC: Subsidy Received as Incentive to Establish Industrial Unit is Capital Receipt(10.07.2023)
Delhi High Court has held that if the subsidy received by assessee is an incentive given to establish an industrial unit in a backward area and, thus,.....
Tags : Delhi High Court, Subsidy, Capital Receipt
SC: Mere Execution of Full & Final Settlement Receipt or Discharge Voucher Can’t be Bar to Arbitratio(07.05.2025)
SC has observed that mere execution of a full and final settlement receipt or a discharge voucher cannot be a bar to arbitration even when validity th.....
Tags : Supreme Court, Final Settlement Receipt, Discharge Voucher
Madras HC: Customs Brokers’ Offence Report Need Not Be Penal; 90-Day Period Starts on Receipt(28.10.2025)
Madras High Court stated that an offence report under Regulation 17(1) of the Customs Brokers Licensing Regulations, 2018, does not necessarily imply .....
Tags : Customs, Offence, Receipt
Delhi High Court: Software Receipts Not Taxable on PE Basis Already Rejected by ITAT(24.12.2025)
Delhi High Court ruled that software receipts cannot attract TDS based on a presumed permanent establishment when the ITAT has already rejected such a.....
Tags : Software Receipts, Taxable, Income Tax Act