Nature of receipt - damages received from DDA - loss of sources ...

Arbitration Awards for Income Loss in DDA House Construction Deemed Non-Taxable Capital Receipts Under Tax Laws.

April 7, 2017

Case Laws Income Tax AT

Nature of receipt - damages received from DDA - loss of sources of income - Arbitration awards from DDA in respect of construction of houses - Receipt is capital in nature - not taxable - AT

View Source

← Previous Next →

Nature of receipt - damages received from DDA - loss of sources ...

Arbitration Awards for Income Loss in DDA House Construction Deemed Non-Taxable Capital Receipts Under Tax Laws.

April 7, 2017

Case Laws Income Tax AT

You may also like:

Nature of income - Award received as settlement through an arbitration award - Amount received for withdrawal of cases against the erstwhile partners and partnership...

Principle of Issue Estoppel - Simultaneous parallel proceedings while arbitration proceedings - So long as the award passed by the Arbitrator – Housing Commissioner...

Loss on account of Mark to Market - Speculation or non speculation loss - the gross total income mainly consists of income from house property, income from capital...

Rental income - income/loss from the multiplex is liable to be assessed as ‘business income/loss and not as income from house property. - AT

CESTAT dismissed Revenue's appeal regarding service tax demands on construction services. The Tribunal held that construction services for IIM, DDA, and CEAI were...

Set-off of the losses against the deemed income u/s 69C - Determination of correct head of income - there is no iota of doubt that the deemed income assessed u/s 69C of...

Rent received by a person not the owner, taxable as house property income – High Court

SC overturned Division Bench's interference with arbitral award concerning contract interpretation between NHAI and contractor regarding geogrid quantities. Court held...

Penalty proceedings u/s. 270A for underreporting of income - claim of excessive loss - Since, the assessee has neither claimed any benefit of loss against any other...

Revision u/s 263 - Classification of rental income - House property v/s business income - The Appellate Tribunal observed that the Assessee is primarily engaged in...

Income from leasing the hotel was income from business and not income from house property - AT

The High Court addressed various issues in a challenge to a final arbitration award u/s 34 of the Arbitration and Conciliation Act, 1996. The dispute involved deductions...

Arbitration award - Validity of appointment of arbitrator - Jurisdiction of High Court while deciding the appeal under Section 37 of the Arbitration Act - The award can...

Scope of Arbitral award - “award” delivered by an Emergency Arbitrator - Singapore International Arbitration Centre (SIAC Rules) - Section 17, as construed in the light...

Rental income earned by assessee should be assessed as income from house property, not business income. AO failed to highlight aspects indicating rental income was...

Quick Updates: