https://www.taxtmi.com/caselaws?id=331891 The High Court dismissed the appeal, affirming the treatment of Carbon Credit as a capital receipt for taxation purposes. The Court agreed with the Andhra Pradesh High Court's decision, ruling against the Revenue and in favor of the Assessee, based on the argument that the appellant failed to present substantial challenges to the view that Carbon Credit should be considered a capital receipt. en-us Mon, 01 Aug 2016 00:00:00 +0530 Tue, 09 May 2017 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331891 The High Court dismissed the appeal, affirming the treatment of Carbon Credit as a capital receipt for taxation purposes. The Court agreed with the Andhra Pradesh High Court's decision, ruling against the Revenue and in favor of the Assessee, based on the argument that the appellant failed to present substantial challenges to the view that Carbon Credit should be considered a capital receipt. Case-Laws Income Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331891