Income Tax Appellate Tribunal (ITAT), Mumbai bench consisting of Kuldip Singh, Judicial Member and Gagan Goyal, Accountant Member held that Sale of Carbon Credit is Capital Receipt. Brief facts of the case are that the assessee-company, Essel Mining & Industries Limited filed its return of income on 30.09.2015 declaring a total loss of Rs. 229,54,99,761/-….
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