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2022 (2) TMI 185 - HC - Income TaxNature of receipts - Sale of Carbon Emission Reduction (CER) - Whether Carbon Credits to be considered as capital receipt and not liable to tax? - HELD THAT:- This appeal has already been decided in favour of the assessee, by a decision of this court in S.P. Spinning Mills (P) Ltd.[2021 (1) TMI 1081 - MADRAS HIGH COURT] as held the receipt by way of sale of carbon credit has been held to be capital receipt. - Decided in favour of assessee.
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