https://www.taxtmi.com/caselaws?id=302680 The Tribunal dismissed the Revenue's appeals for assessment years 2008-09 and 2009-10, allowed the assessee's cross-objection for 2009-10, and partly allowed the cross-objection for 2008-09. The decisions were based on legal precedents, ruling that income from the sale of carbon credits is a capital receipt not taxable, transfer pricing should consider market value, Section 14A disallowance requires examination of exempt income, and sales tax subsidy is a capital receipt. en-us Mon, 30 Nov 2015 00:00:00 +0530 Sat, 11 Jun 2022 08:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302680 The Tribunal dismissed the Revenue's appeals for assessment years 2008-09 and 2009-10, allowed the assessee's cross-objection for 2009-10, and partly allowed the cross-objection for 2008-09. The decisions were based on legal precedents, ruling that income from the sale of carbon credits is a capital receipt not taxable, transfer pricing should consider market value, Section 14A disallowance requires examination of exempt income, and sales tax subsidy is a capital receipt. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302680