https://www.taxtmi.com/caselaws?id=410320 The court affirmed that proceeds from the sale of carbon credits are capital receipts, not taxable income, in alignment with previous judicial decisions. The Tax Case Appeal was dismissed, ruling in favor of the assessee, based on established legal precedents and reasoning that carbon credits are not directly linked to business operations. en-us Mon, 26 Jul 2021 00:00:00 +0530 Thu, 29 Jul 2021 10:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410320 The court affirmed that proceeds from the sale of carbon credits are capital receipts, not taxable income, in alignment with previous judicial decisions. The Tax Case Appeal was dismissed, ruling in favor of the assessee, based on established legal precedents and reasoning that carbon credits are not directly linked to business operations. Case-Laws Income Tax Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410320