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2021 (3) TMI 442 - MADRAS HIGH COURT
Nature of receipt - proceeds realized by the assessee on sale of Certified Emission Reduction Credit earned on the Clean Development Mechanisam in its wind energy operations - whether capital receipt and not taxable? - HELD THAT:- Question of law involved in the present appeal is covered by the decision of the Division Bench of this Court in S.P.Spinning Mills Pvt. Ltd. [2021 (1) TMI 1081 - MADRAS HIGH COURT] wherein the Division Bench held that the receipt should be treated as a capital receipt - Decided in favour of assessee.