https://www.taxtmi.com/caselaws?id=403489 The High Court remanded the issue of disallowance under Section 14A to the Assessing Officer for fresh consideration. The issue of notional interest disallowance under Section 36(1)(iii) was not pressed as relief was already granted. The High Court ruled in favor of the assessee regarding the treatment of carbon credit receipts, holding them as capital receipts and not taxable. en-us Tue, 19 Jan 2021 00:00:00 +0530 Mon, 17 May 2021 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403489 The High Court remanded the issue of disallowance under Section 14A to the Assessing Officer for fresh consideration. The issue of notional interest disallowance under Section 36(1)(iii) was not pressed as relief was already granted. The High Court ruled in favor of the assessee regarding the treatment of carbon credit receipts, holding them as capital receipts and not taxable. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403489