https://www.taxtmi.com/caselaws?id=275548 The Tribunal upheld the CIT(Appeals) decision to allow the deduction under Section 80IA for carbon credit, deeming it a capital receipt not subject to tax. The Tribunal also condoned the delay in filing cross objections and dismissed the Revenue's appeal on the disallowance of interest income, as it was irrelevant due to the capital nature of carbon credit sales. The Tribunal emphasized substantial justice and pronounced the order on October 30, 2015. en-us Fri, 30 Oct 2015 00:00:00 +0530 Mon, 08 Oct 2018 07:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275548 The Tribunal upheld the CIT(Appeals) decision to allow the deduction under Section 80IA for carbon credit, deeming it a capital receipt not subject to tax. The Tribunal also condoned the delay in filing cross objections and dismissed the Revenue's appeal on the disallowance of interest income, as it was irrelevant due to the capital nature of carbon credit sales. The Tribunal emphasized substantial justice and pronounced the order on October 30, 2015. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275548