https://www.taxtmi.com/caselaws?id=169165 The Tribunal ruled that the amount received on account of clean development mechanism (CDM) is a capital receipt, not business income. Citing judicial precedents and the Supreme Court's interpretation, the Tribunal emphasized that CDM receipts are related to environmental concerns, not regular business operations, and do not contribute to profits. The decision overturned the lower authorities' classification of CDM receipts as revenue, affirming that they are capital in nature. The appeal was allowed, setting aside the previous order and highlighting the distinction between capital and revenue receipts in this context. en-us Mon, 18 Aug 2014 00:00:00 +0530 Mon, 06 Apr 2015 22:08:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169165 The Tribunal ruled that the amount received on account of clean development mechanism (CDM) is a capital receipt, not business income. Citing judicial precedents and the Supreme Court's interpretation, the Tribunal emphasized that CDM receipts are related to environmental concerns, not regular business operations, and do not contribute to profits. The decision overturned the lower authorities' classification of CDM receipts as revenue, affirming that they are capital in nature. The appeal was allowed, setting aside the previous order and highlighting the distinction between capital and revenue receipts in this context. Case-Laws Income Tax Mon, 18 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169165