https://www.taxtmi.com/highlights?id=51852 Characterization of income - Transfer of Carbon Credits - the receipt on the sale of carbon credits is liable to be treated as capital receipts, admittedly, the expenditure incurred by the assessee in respect of the sale of the carbon credits cannot be treated as Revenue expenditure at all. - AT en-us Tue, 18 Feb 2020 12:20:42 +0530 Tue, 18 Feb 2020 12:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51852 Characterization of income - Transfer of Carbon Credits - the receipt on the sale of carbon credits is liable to be treated as capital receipts, admittedly, the expenditure incurred by the assessee in respect of the sale of the carbon credits cannot be treated as Revenue expenditure at all. - AT Highlights Income Tax Tue, 18 Feb 2020 12:20:42 +0530 https://www.taxtmi.com/highlights?id=51852