Receipt from transfer of Carbon Emission Reduction ("CER") - ...

Case Laws Income Tax

February 18, 2022

Receipt from transfer of Carbon Emission Reduction ("CER") - carbon credits are not offshoot of business but offshoot of environmental concerns and hence not chargeable to tax. The receipts arising from transfer of carbon credits are in the nature of capital receipts not subjected to tax in terms of section 28(iv) read with section 2(24)(vd) of the Act. - AT

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Receipt from transfer of Carbon Emission Reduction ("CER") - ...

Case Laws Income Tax

February 18, 2022

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