https://www.taxtmi.com/highlights?id=59595 Receipts from sale of carbon credit - No asset is generated in the course of business, but it is generated due to environmental concerns. It was also found that the carbon credit is not even directly linked with the power generation and the income is received by sale of the excess carbon credits. It was found that the Tribunal has rightly held that it is capital receipt and not business income - HC en-us Wed, 08 Sep 2021 13:35:28 +0530 Wed, 08 Sep 2021 13:35:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59595 Receipts from sale of carbon credit - No asset is generated in the course of business, but it is generated due to environmental concerns. It was also found that the carbon credit is not even directly linked with the power generation and the income is received by sale of the excess carbon credits. It was found that the Tribunal has rightly held that it is capital receipt and not business income - HC Highlights Income Tax Wed, 08 Sep 2021 13:35:28 +0530 https://www.taxtmi.com/highlights?id=59595