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Profit from Sale of Carbon Credit is Capital Receipt , Not Taxable: ITAT

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that profit from the sale of Carbon Credit is “Capital Receipt”

Shri samir tekriwalYogithas yogeshShri parin shahShri sn soparkarGujarat fluorochemicals ltdCarbon creditNot taxableIncome tax appellate tribunalFluorochemicals ltdDividend incomeAssessing officerIncome tax actCoram mrs annapurna guptaShri tr senthil kumarCapital receiptCarbon credits

Sale of Biomass Power Plant of a Corporate Debtor as a going concern is Supply of Goods and liable to GST: AAR

The Chhattisgarh Authority of Advance Ruling ruled that the sale of Biomass Power Plant as a going

Sonalik mishraRajesh kumar singhNational company law tribunal under insolvencyVandana vidyutServices taxChhattisgarh authority of advance rulingBiomass power plantCorporate debtorChhattisgarh authorityAdvance rulingShikhar commoditiesNational company law tribunalBankruptcy codeServices tax actVandana vidyut limitedCentral tax

Nexus between Income of Detenue and Acquisition of Property must be established under SAFEM Act: Madras HC

The Madras High Court has held that the nexus between Income of detenue and the acquisition of property must be established under the Smugglers

Tamil naduJusticek kumaresh babuYogithas yogeshJusticer subramanianAyisath munawaraWrit courtCompetent authorityConservation of foreign exchangeAppellate authorityMadras high courtForeign exchange manipulators forfeiture of propertyForeign exchange manipulatorsForeign exchangeSmuggling activities actAppellate tribunalFirst bench

GSTN issues Module wise new functionalities deployed on the GST Portal for Taxpayers

The Goods and Services Tax Network (GSTN) has issued module wise new functionalities deployed on the GST Portal for taxpayers.Various new

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