https://www.taxtmi.com/caselaws?id=390645 The High Court dismissed the Tax Appeal, affirming the decisions of the CIT(A) and the Tribunal regarding the treatment of carbon receipts as capital receipts. The court emphasized the requirement for income to be real and accrued during the relevant assessment year for taxation purposes, citing relevant legal precedents and the decision of the Hon'ble Supreme Court. en-us Mon, 06 Jan 2020 00:00:00 +0530 Wed, 08 Jan 2020 10:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390645 The High Court dismissed the Tax Appeal, affirming the decisions of the CIT(A) and the Tribunal regarding the treatment of carbon receipts as capital receipts. The court emphasized the requirement for income to be real and accrued during the relevant assessment year for taxation purposes, citing relevant legal precedents and the decision of the Hon'ble Supreme Court. Case-Laws Income Tax Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390645