https://www.taxtmi.com/caselaws?id=294773 The Tribunal and the Andhra Pradesh High Court held that carbon credits, received as part of Clean Development Mechanism (CDM), are capital receipts not linked to business activities but arising from environmental concerns. The judgment established that income from the sale of carbon credits should be considered capital receipts for deduction u/s.80IA, overturning the CIT(Appeals) order. The decision aligned with previous tribunal rulings, emphasizing that carbon credits are akin to entitlements for reducing carbon emissions, not a result of business operations. en-us Thu, 09 Oct 2014 00:00:00 +0530 Mon, 03 May 2021 08:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294773 The Tribunal and the Andhra Pradesh High Court held that carbon credits, received as part of Clean Development Mechanism (CDM), are capital receipts not linked to business activities but arising from environmental concerns. The judgment established that income from the sale of carbon credits should be considered capital receipts for deduction u/s.80IA, overturning the CIT(Appeals) order. The decision aligned with previous tribunal rulings, emphasizing that carbon credits are akin to entitlements for reducing carbon emissions, not a result of business operations. Case-Laws Income Tax Thu, 09 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294773