https://www.taxtmi.com/caselaws?id=169194 The Tribunal determined that the amount received by the assessee as clean development mechanism (CDM) receipts should be classified as capital in nature. The Tribunal considered precedents and emphasized that CDM receipts, specifically carbon credits, arise from environmental concerns rather than business activities, leading to the conclusion that they are capital receipts. Consequently, the Tribunal set aside the previous decision, allowing the assessee's appeal and pronouncing the judgment in Chennai on October 8, 2014. en-us Wed, 08 Oct 2014 00:00:00 +0530 Mon, 06 Apr 2015 22:20:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169194 The Tribunal determined that the amount received by the assessee as clean development mechanism (CDM) receipts should be classified as capital in nature. The Tribunal considered precedents and emphasized that CDM receipts, specifically carbon credits, arise from environmental concerns rather than business activities, leading to the conclusion that they are capital receipts. Consequently, the Tribunal set aside the previous decision, allowing the assessee's appeal and pronouncing the judgment in Chennai on October 8, 2014. Case-Laws Income Tax Wed, 08 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169194