https://www.taxtmi.com/caselaws?id=270924 The Tribunal allowed the appeal of the assessee concerning the treatment of carbon credits, holding that the receipt from carbon credits is a capital receipt and hence not taxable under u/s.80IA of the Act. However, the Tribunal dismissed the appeal regarding the insurance claim deduction, ruling that the insurance claim did not have a direct nexus with the business income of the assessee and was not eligible for deduction under u/s.80IA of the Act. The judgment emphasized the distinction between revenue and capital receipts and provided a detailed analysis of the legal principles guiding the taxability in these specific scenarios. en-us Fri, 06 Nov 2015 00:00:00 +0530 Wed, 20 Jan 2016 05:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270924 The Tribunal allowed the appeal of the assessee concerning the treatment of carbon credits, holding that the receipt from carbon credits is a capital receipt and hence not taxable under u/s.80IA of the Act. However, the Tribunal dismissed the appeal regarding the insurance claim deduction, ruling that the insurance claim did not have a direct nexus with the business income of the assessee and was not eligible for deduction under u/s.80IA of the Act. The judgment emphasized the distinction between revenue and capital receipts and provided a detailed analysis of the legal principles guiding the taxability in these specific scenarios. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270924