https://www.taxtmi.com/caselaws?id=425065 The tribunal partially allowed the appellant's appeal, ruling that Carbon Credit Income should be treated as a capital receipt, not revenue income. The disallowance of Rs. 10,20,587/- was deleted. Regarding the disallowance of common expenses under Section 80IA amounting to Rs. 59,27,000/-, the tribunal remanded the issue back to the AO for re-examination. The decision was pronounced on 27th June 2022. en-us Mon, 27 Jun 2022 00:00:00 +0530 Thu, 14 Jul 2022 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425065 The tribunal partially allowed the appellant's appeal, ruling that Carbon Credit Income should be treated as a capital receipt, not revenue income. The disallowance of Rs. 10,20,587/- was deleted. Regarding the disallowance of common expenses under Section 80IA amounting to Rs. 59,27,000/-, the tribunal remanded the issue back to the AO for re-examination. The decision was pronounced on 27th June 2022. Case-Laws Income Tax Mon, 27 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425065