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2015 (4) TMI 132 - AT - Income TaxCapital receipt or Revenue receipt - carbon credit receipts or CDM receipts - Held that:- The co-ordinate Bench of the Tribunal in the case of Ambika Cotton Mills Ltd. v. Deputy CIT [2014 (3) TMI 428 - ITAT CHENNAI] while dealing with an identical issue followed the decision of the Hyderabad Bench of the Tribunal in the case of My Home Power Ltd. v. Deputy CIT reported as [2012 (11) TMI 288 - ITAT HYDERABAD]. Respectfully following the decision of the co-ordinate Bench, we hold that the CDM receipts are capital receipts. - Impugned order set aside - Decided in favour of assessee.
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