2019 (4) TMI 1034

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.... Mr. Madhur Agrawal a/w Mr. Bharat Damodar I/by Kanga & Co. for the Respondent. ORDER P.C.: 1 All these appeals have been filed by the Revenue challenging the orders passed by the Income Tax Appellate Tribunal. 2 The issues involved in these Appeals are common. The Respondent­Assessee in all these Appeals is also common. We may refer to facts from Income Tax Appeal No.1820 of 201....

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....he assessee? 4 Though two questions are framed, singular issue is whether the receipts of the Assessee arising out of sale of carbon credit is to be considered as capital receipt and therefore not liable to tax. This issue is considered by the several High Courts starting from the judgment of Andhra Pradesh High Court in the case of Commissioner of Income Tax v/s. My Home Power Ltd reported in ....