https://www.taxtmi.com/caselaws?id=293206 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) in favor of the assessee, confirming the disallowance under section 80IA and treating carbon credits as capital receipts not taxable as income. The Tribunal emphasized the binding nature of the judgment of the Jurisdictional High Court and previous precedents in reaching its decision. The appeal of the Revenue was dismissed, and the cross objection of the assessee was allowed. en-us Fri, 27 Nov 2015 00:00:00 +0530 Fri, 29 Jan 2021 19:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293206 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) in favor of the assessee, confirming the disallowance under section 80IA and treating carbon credits as capital receipts not taxable as income. The Tribunal emphasized the binding nature of the judgment of the Jurisdictional High Court and previous precedents in reaching its decision. The appeal of the Revenue was dismissed, and the cross objection of the assessee was allowed. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293206