https://www.taxtmi.com/caselaws?id=417527 The tribunal allowed the assessee's appeal regarding the provision for Clean Development Mechanism (CDM) income, directing the Assessing Officer to grant the deduction claimed by the assessee. The tribunal also dismissed the Revenue's appeal on interest disallowance under section 36(1)(iii) due to the low tax effect, granting the Revenue the liberty to seek a recall if exceptions applied or if the tax effect exceeded the monetary limit. en-us Fri, 21 Jan 2022 00:00:00 +0530 Mon, 24 Jan 2022 21:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417527 The tribunal allowed the assessee's appeal regarding the provision for Clean Development Mechanism (CDM) income, directing the Assessing Officer to grant the deduction claimed by the assessee. The tribunal also dismissed the Revenue's appeal on interest disallowance under section 36(1)(iii) due to the low tax effect, granting the Revenue the liberty to seek a recall if exceptions applied or if the tax effect exceeded the monetary limit. Case-Laws Income Tax Fri, 21 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417527