Carbon credits, specifically Certified Emission Reductions, are tax-exempt for the specified assessment year u/ss 2(24), 28, 45, and 56.

Carbon Credits (Certified Emission Reductions) - It is not liable for tax for the assessment year under consideration in terms of sections 2(24), 28, 45 and 56 of the Income-tax Act, 1961. - AT .....

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