In a significant ruling regarding taxation of receipts of carbon credit, the Income Tax Appellate Tribunal (ITAT), Bangalore has held that the addition made by adopting receipt from carbon credit of earlier years as the income of relevant assessment year is without any basis and is against the cannons of taxation. The assessee had shown […]
The post Addition by Adopting Carbon Credit Receipt of Earlier Years is Baseless against Cannons of Taxation: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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