https://www.taxtmi.com/caselaws?id=392330 The appeal was partly allowed by the Tribunal. It held that receipts from the sale of carbon credits should be treated as capital receipts, not liable for inclusion in total income. The Tribunal confirmed the CIT(A)'s decision on the computation of eligible profits under section 80IA. Additionally, the claim of commission paid for arranging the sale of carbon credits as revenue expenditure was dismissed, as the receipts were deemed capital receipts. The Tribunal directed the Assessing Officer to adjust the commission expenditure from the capital receipts. en-us Thu, 05 Dec 2019 00:00:00 +0530 Tue, 18 Feb 2020 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392330 The appeal was partly allowed by the Tribunal. It held that receipts from the sale of carbon credits should be treated as capital receipts, not liable for inclusion in total income. The Tribunal confirmed the CIT(A)'s decision on the computation of eligible profits under section 80IA. Additionally, the claim of commission paid for arranging the sale of carbon credits as revenue expenditure was dismissed, as the receipts were deemed capital receipts. The Tribunal directed the Assessing Officer to adjust the commission expenditure from the capital receipts. Case-Laws Income Tax Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392330