https://www.taxtmi.com/caselaws?id=284883 The High Court ruled in favor of the assessee on all issues. The sales tax subsidy was classified as a capital receipt, the adoption of different market values for Section 80IA(8) was permitted, and the sale proceeds from Certified Emission Reductions (CERs) were treated as capital receipts, not subject to tax under business income or capital gains. en-us Tue, 22 Aug 2017 00:00:00 +0530 Sun, 15 Dec 2019 10:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284883 The High Court ruled in favor of the assessee on all issues. The sales tax subsidy was classified as a capital receipt, the adoption of different market values for Section 80IA(8) was permitted, and the sale proceeds from Certified Emission Reductions (CERs) were treated as capital receipts, not subject to tax under business income or capital gains. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284883