https://www.taxtmi.com/caselaws?id=197972 The court dismissed the appeal, ruling in favor of the assessee on all issues. The sales tax subsidy was not to be included in book profit under Section 115JB, the market value for Section 80IA(8) was deemed acceptable based on the assessee's choice if it met statutory conditions, and the sale proceeds from Certified Emission Reductions (CERs) were considered capital receipts and not taxable under the Income Tax Act. en-us Tue, 22 Aug 2017 00:00:00 +0530 Fri, 19 Jan 2018 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197972 The court dismissed the appeal, ruling in favor of the assessee on all issues. The sales tax subsidy was not to be included in book profit under Section 115JB, the market value for Section 80IA(8) was deemed acceptable based on the assessee's choice if it met statutory conditions, and the sale proceeds from Certified Emission Reductions (CERs) were considered capital receipts and not taxable under the Income Tax Act. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197972