https://www.taxtmi.com/caselaws?id=797581 Renewable Energy Certificate sale proceeds are capital receipts because they arise from regulatory incentives for clean-energy generation and environmental protection, rather than from production, sale of goods, services, or operational activities of an eligible undertaking. They therefore do not constitute profits derived from eligible business for deduction under section 80IA and are not taxable as business income. Retaining their character as non-taxable capital receipts, such proceeds must also be excluded from book profit for minimum alternate tax under section 115JB. en-us Wed, 12 Aug 2026 00:00:00 +0530 Tue, 25 Aug 2026 08:34:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797581 Renewable Energy Certificate sale proceeds are capital receipts because they arise from regulatory incentives for clean-energy generation and environmental protection, rather than from production, sale of goods, services, or operational activities of an eligible undertaking. They therefore do not constitute profits derived from eligible business for deduction under section 80IA and are not taxable as business income. Retaining their character as non-taxable capital receipts, such proceeds must also be excluded from book profit for minimum alternate tax under section 115JB. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797581