https://www.taxtmi.com/caselaws?id=434512 The Tribunal ruled in favor of the Assessee, determining that receipts from the sale of Carbon Emission Reductions (CER) Certificates are capital receipts and not taxable as business income. Additionally, the Tribunal held that these receipts should be excluded from the book profits calculation under Section 115JB of the Income Tax Act, 1961. As a result, the appeal was decided in favor of the Assessee. en-us Mon, 23 Jan 2023 00:00:00 +0530 Sat, 25 Feb 2023 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434512 The Tribunal ruled in favor of the Assessee, determining that receipts from the sale of Carbon Emission Reductions (CER) Certificates are capital receipts and not taxable as business income. Additionally, the Tribunal held that these receipts should be excluded from the book profits calculation under Section 115JB of the Income Tax Act, 1961. As a result, the appeal was decided in favor of the Assessee. Case-Laws Income Tax Mon, 23 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434512