Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2018 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (3) TMI 1764 - HC - Income TaxTypographical / inadvertent error - Treatment to assessee's income from trading of carbon credits - HELD THAT:- Through this application, the assessee points out that in our judgment ALEMBIC LIMITED [2017 (9) TMI 189 - GUJARAT HIGH COURT], while dismissing Revenue’s Tax Appeals, we had inadvertently recorded in Paragraph-6 that several High Courts have held “that receipts of carbon credit are in the nature of revenue receipts”. This is clearly a typographical / inadvertent error. The above quoted portion of Paragraph-6 would, therefore, be corrected and read as under “ that receipts of carbon credit are in the nature of capital receipts”. The application stands disposed of accordingly.
|