Judgement

The ITAT held that carbon credit sale receipts earned before the introduction of Section 115BBG are capital receipts, not taxable, and must be excluded from Section 115JB book profit computation.

ITAT Holds Carbon Credit Receipts Not Taxable, Directs Exclusion from Section 115JB Computation

ITAT allowed the full Section 87A rebate on Section 111A STCG under the new tax regime for AY 2024–25 where total income does not exceed Rs 7 lakh.

ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation

ITAT excludes carbon credit receipts and FPS incentives from taxable income and MAT computation.

ITAT: Carbon Credit Receipts Are Capital, Not Taxable Under Income Tax

ITAT grants VRS exemption despite omission in return and directs consequential refund with TDS relief.

ITAT Allows Section 10(10B) Exemption on BSNL VRS Compensation Despite Return Omission

The Gujarat High Court Rules Notice Under Section 148 Cannot Be Sustained Against Deceased Assessee 


High Court Held Income Tax Reassessment Notice Issued to Dead Person As Invalid

The ITAT upholds the Rs 1.80 lakh Section 80GGC disallowance after finding the political donation claim linked to bogus accommodation entry transactions.

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ITAT Holds Carbon Credit Receipts Not Taxable, Directs Exclusion from Section 115JB Computation

ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation

ITAT: Carbon Credit Receipts Are Capital, Not Taxable Under Income Tax

ITAT Allows Section 10(10B) Exemption on BSNL VRS Compensation Despite Return Omission

High Court Held Income Tax Reassessment Notice Issued to Dead Person As Invalid

ITAT Upholds Disallowance of Rs 1.80 Lakh 80GGC Deduction Over Bogus Political Donation Claim