https://www.taxtmi.com/caselaws?id=294772 The judgment favored the assessee on all counts, with the appeals filed by the assessee being allowed and those by the Revenue being dismissed. The decision was pronounced in an open court in Chennai on September 10, 2014. The court held that notional carry forward of past losses and depreciation for deduction under sec.80IA was not permissible. Additionally, carbon credit receipts were excluded from computing the total income of the assessee, and the assessee was deemed entitled to the deduction under sec.80IA. en-us Wed, 10 Sep 2014 00:00:00 +0530 Mon, 03 May 2021 08:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294772 The judgment favored the assessee on all counts, with the appeals filed by the assessee being allowed and those by the Revenue being dismissed. The decision was pronounced in an open court in Chennai on September 10, 2014. The court held that notional carry forward of past losses and depreciation for deduction under sec.80IA was not permissible. Additionally, carbon credit receipts were excluded from computing the total income of the assessee, and the assessee was deemed entitled to the deduction under sec.80IA. Case-Laws Income Tax Wed, 10 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294772