Income from sale of carbon credits - Capital receipts vs Revenue ...

Carbon Credit Sale Income Classified as Non-Taxable Capital Receipt Due to Environmental Concerns, Not Business Operations.

June 17, 2015

Case Laws Income Tax AT

Income from sale of carbon credits - Capital receipts vs Revenue receipts - No asset is generated in the course of business but it is generated due to environmental concerns. - The receipt is in the nature of capital receipt - not taxable - AT

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Income from sale of carbon credits - Capital receipts vs Revenue ...

Carbon Credit Sale Income Classified as Non-Taxable Capital Receipt Due to Environmental Concerns, Not Business Operations.

June 17, 2015

Case Laws Income Tax AT

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