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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Deduction u/s 80-IA - the income on sale of certified emission ...


Income from Carbon Credits Sale Not Eligible for Deductions u/s 80-IA of the Income Tax Act.

March 24, 2015

Case Laws     Income Tax     AT

Deduction u/s 80-IA - the income on sale of certified emission reduction/carbon credit would form part of the profit and gains of business ; however, cannot be treated as profit derived from the industrial undertaking - AT

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