Receipts from transfer of Carbon Credits capital in nature, not are chargeable to tax
February 8, 2022
Income Tax, ITAT
Receipts from transfer of the Carbon Credits are capital in nature and not are chargeable to tax. In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming in upholding that the receipt from transfer of Carbon Emission Reduction (“CER”) is perquisite under …