2014 (9) TMI 1228

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....e Tax<br>Dr. O.K.NARAYANAN, VICE-PRESIDENT AND SHRI VIKAS AWASTHY, JUDICIAL MEMBER For the Assessee : Shri R. Kumar, Advocate For the Department : Shri N. Rengaraj, IRS, CIT ORDER PER Dr.O.K.NARAYANAN, VICE-PRESIDENT This is a bunch of four appeals; two filed by the assessee and two filed by the Revenue. The relevant assessment years are 2009-10 and 2010-11. 2. One of the common ....

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....available to the assessee under sec.80IA without any sort of notionally carried forward and set off past depreciation and losses. 3. The other common issue raised by the assessee in its appeals is that the Commissioner of Income-tax(Appeals) has gone wrong in holding that the carbon credit receipts are revenue in nature. This issue is also now covered by the decision of the Hon'ble Andhra Prade....