https://www.taxtmi.com/caselaws?id=383962 The Tribunal upheld the Ld.CIT(A)'s decisions on the disallowance under section 14A read with Rule 8D, dismissing the revenue's appeal for multiple assessment years. The treatment of carbon credits as capital or revenue receipt and the disallowance of expenses were the primary issues. The appeals challenged the Ld.CIT(A)'s decisions, but the Tribunal ruled in favor of the assessee, leading to the dismissal of the revenue's appeal on July 31, 2019. en-us Wed, 31 Jul 2019 00:00:00 +0530 Fri, 02 Aug 2019 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383962 The Tribunal upheld the Ld.CIT(A)'s decisions on the disallowance under section 14A read with Rule 8D, dismissing the revenue's appeal for multiple assessment years. The treatment of carbon credits as capital or revenue receipt and the disallowance of expenses were the primary issues. The appeals challenged the Ld.CIT(A)'s decisions, but the Tribunal ruled in favor of the assessee, leading to the dismissal of the revenue's appeal on July 31, 2019. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383962