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![Proceeds received on Sale of Carbon Credit is a Capital Receipt and not Business Income: ITAT deletes addition on Income by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Carbon-credit-Business-income-Proceeds-received-on-Sale-of-Carbon-Credit-income-tax-act-taxscan.jpg "Proceeds received on Sale of Carbon Credit is a Capital Receipt and not Business Income: ITAT deletes addition on Income by AO [Read Order]")
Proceeds received on Sale of Carbon Credit is a Capital Receipt and not Business Income: ITAT deletes addition on Income by AO [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the proceeds received on the sale of carbon credit is a capital receipts and...
![Profit from Sale of Carbon Credit is “Capital Receipt”, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Profit-Carbon-Credit-Capital-Receipt-Taxable-ITAT-Income-Tax-Tax-Credit-taxscan.jpg "Profit from Sale of Carbon Credit is “Capital Receipt”, Not Taxable: ITAT [Read Order]")
![Sale of Carbon Credit is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Sale-Carbon-Credit-capital-receipt-ITAT-Taxscan.jpg "Sale of Carbon Credit is Capital Receipt: ITAT [Read Order]")
![Proceeds on Sale of Certified Emission Reduction Credit earned on Clean Development Mechanism is Capital Receipt, No Income Tax payable: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/09/certified-emission-reduction-credit-clean-development-mechanism-capital-receipt-Income-Tax-payable-Madras-High-Court-Taxscan.jpg "Proceeds on Sale of Certified Emission Reduction Credit earned on Clean Development Mechanism is Capital Receipt, No Income Tax payable: Madras High Court [Read Judgment]")
![Receipts from Carbon Credit is not Business Income: ITAT disallows Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Carbon-Credit-ITAT-Deduction-Claim-Taxscan.jpg "Receipts from Carbon Credit is not Business Income: ITAT disallows Deduction Claim [Read Order]")
Addition by Adopting Carbon Credit Receipt of Earlier Years is Baseless against Cannons of Taxation: ITAT [Read Order]
In a significant ruling regarding taxation of receipts of carbon credit, the Income Tax Appellate Tribunal (ITAT), Bangalore has held that the addition made by adopting receipt from carbon credit of...
![Addition by Adopting Carbon Credit Receipt of Earlier Years is Baseless against Cannons of Taxation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Carbon-Credit-ITAT-Taxscan.jpg "Addition by Adopting Carbon Credit Receipt of Earlier Years is Baseless against Cannons of Taxation: ITAT [Read Order]")
