https://www.taxtmi.com/caselaws?id=419532 The Court found the notices challenging the nature of income as impermissible 'change of opinion' under Sections 147/148 of the Income Tax Act. Consequently, notices under Sections 143(2) and 142(1) were deemed without jurisdiction and stayed pending further proceedings. The Court emphasized previous rulings establishing carbon credit as a capital receipt and granted time for responses from both parties. en-us Mon, 07 Mar 2022 00:00:00 +0530 Mon, 14 Mar 2022 07:47:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419532 The Court found the notices challenging the nature of income as impermissible 'change of opinion' under Sections 147/148 of the Income Tax Act. Consequently, notices under Sections 143(2) and 142(1) were deemed without jurisdiction and stayed pending further proceedings. The Court emphasized previous rulings establishing carbon credit as a capital receipt and granted time for responses from both parties. Case-Laws Income Tax Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419532