Carbon Credit Income Exempted from Normal Income Tax Provisions and Book Profit: ITAT [Read Order]

Carbon Credit Income - Income Tax Provisions - Book Profit - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Challa Nagendra Prasad, Judicial Member and Shri Pradip Kumar Kedia, Accountant Member has held that the receipt from the sale of Carbon Credit is exempted under the normal provisions of the Income Tax Act, 1961 and shall not be included while computing book…

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