Nature of receipt - Whether capital or revenue - It is a nature ...

Carbon Credits Not Considered Capital or Revenue Receipts, No Income Tax Implications Due to Lack of Acquisition Cost.

March 14, 2014

Case Laws Income Tax AT

Nature of receipt - Whether capital or revenue - It is a nature of entitlement to reduce carbon emission, however, there is no cost of acquisition or cost of production to get this entitlement - Carbon credit is not in the nature of profit or in the nature of income. - AT

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Nature of receipt - Whether capital or revenue - It is a nature ...

Carbon Credits Not Considered Capital or Revenue Receipts, No Income Tax Implications Due to Lack of Acquisition Cost.

March 14, 2014

Case Laws Income Tax AT

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