https://www.taxtmi.com/caselaws?id=259934 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. It upheld the treatment of receipts from the sale of carbon credit, TUF interest subsidy, and generation loss compensation as capital receipts, not revenue. The eligibility for deduction under section 80IA was affirmed, emphasizing that the eligible undertaking need not be the sole source of income for computation. Additionally, the Tribunal rejected the Revenue's argument regarding the treatment of losses from the eligible business, citing legal precedents. en-us Fri, 21 Nov 2014 00:00:00 +0530 Tue, 26 May 2015 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259934 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. It upheld the treatment of receipts from the sale of carbon credit, TUF interest subsidy, and generation loss compensation as capital receipts, not revenue. The eligibility for deduction under section 80IA was affirmed, emphasizing that the eligible undertaking need not be the sole source of income for computation. Additionally, the Tribunal rejected the Revenue's argument regarding the treatment of losses from the eligible business, citing legal precedents. Case-Laws Income Tax Fri, 21 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259934