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2014 (9) TMI 922 - AT - Income TaxCapital receipt or Revenue Receipt - whether the amount received by the assessee on account of clean development mechanism (CDM) is capital or revenue receipt - Held that:- Following decision of My Home Power Ltd. v. Dy. CIT [2012 (11) TMI 288 - ITAT HYDERABAD] - This decision was upheld by High Court CIT v. My Home Power Ltd. [2014 (6) TMI 82 - ANDHRA PRADESH HIGH COURT] - amount received by the assessee on account of CDM (carbon credits) is capital in nature - Decided in favour of assessee.
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