https://www.taxtmi.com/caselaws?id=304380 The Tribunal partly allowed the appeals for the assessment years 2012-13 and 2013-14. It directed the Assessing Officer to verify the assessee's computation for disallowance under Section 14A, upheld the claim of additional depreciation, and confirmed the treatment of carbon credit receipts as capital in nature. The Tribunal's decisions were in line with established judicial precedents, resulting in the dismissal of the Revenue's appeals and the allowance of the assessee's cross-appeal for statistical purposes. en-us Wed, 05 May 2021 00:00:00 +0530 Fri, 23 Sep 2022 08:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304380 The Tribunal partly allowed the appeals for the assessment years 2012-13 and 2013-14. It directed the Assessing Officer to verify the assessee's computation for disallowance under Section 14A, upheld the claim of additional depreciation, and confirmed the treatment of carbon credit receipts as capital in nature. The Tribunal's decisions were in line with established judicial precedents, resulting in the dismissal of the Revenue's appeals and the allowance of the assessee's cross-appeal for statistical purposes. Case-Laws Income Tax Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304380