The Income Tax Appellate Tribunal (ITAT) held that the receipts from the sale of the carbon credit are liable to be treated as the capital receipts on an appeal filed by M/s. Rajshree Sugars and Chemicals. The assessee had claimed that the receipt from the sale of carbon credits had originally been offered by the […]
The post Receipts from Carbon Credit is not Business Income: ITAT disallows Deduction Claim [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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