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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Once it is found that the amount realized by sale of carbon ...


Court Rules Carbon Credit Sales Not Taxable as Profit; Revision u/s 263 Incorrect.

May 20, 2016

Case Laws     Income Tax     HC

Once it is found that the amount realized by sale of carbon credit is not taxable as profit, naturally it will have no adverse effect on the Revenue. - Revision proceeding u/s 263 are not correct - HC

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