https://www.taxtmi.com/caselaws?id=332133 The Tribunal held that Certified Emission Reductions (CERs) obtained from windmill power generation are trading receipts, taxable as business income under Section 28(iv). CER credits were classified as revenue in nature due to their quantification based on power generation, considered goods with market value. The assessee was found eligible for deduction under section 80IA for ten consecutive years, with the eligible undertaking being the sole income source. Carbon credit receipts were deemed capital income, not linked to power generation, and ineligible for section 80IA deduction. The judgment clarifies the treatment and classification of CDM receipts, CER credits, and carbon credit receipts. en-us Thu, 28 Jul 2016 00:00:00 +0530 Thu, 08 Sep 2016 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332133 The Tribunal held that Certified Emission Reductions (CERs) obtained from windmill power generation are trading receipts, taxable as business income under Section 28(iv). CER credits were classified as revenue in nature due to their quantification based on power generation, considered goods with market value. The assessee was found eligible for deduction under section 80IA for ten consecutive years, with the eligible undertaking being the sole income source. Carbon credit receipts were deemed capital income, not linked to power generation, and ineligible for section 80IA deduction. The judgment clarifies the treatment and classification of CDM receipts, CER credits, and carbon credit receipts. Case-Laws Income Tax Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332133