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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Taxability of carbon credit - gains on sale of CERs, though ...

April 25, 2016

Case Laws     Income Tax     AT

Taxability of carbon credit - gains on sale of CERs, though taxable in nature, could only have been taxed at the point of time when these CERs were actually transferred to the foreign entity - cannot be brought to tax by the reason of accrual simplictor. - AT

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