Characterization of income - Transfer of Carbon Credits - the ...

Carbon Credit Sale Income is Capital Receipts; Related Expenses Not Revenue Expenditure.

February 18, 2020

Case Laws Income Tax AT

Characterization of income - Transfer of Carbon Credits - the receipt on the sale of carbon credits is liable to be treated as capital receipts, admittedly, the expenditure incurred by the assessee in respect of the sale of the carbon credits cannot be treated as Revenue expenditure at all. - AT

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Characterization of income - Transfer of Carbon Credits - the ...

Carbon Credit Sale Income is Capital Receipts; Related Expenses Not Revenue Expenditure.

February 18, 2020

Case Laws Income Tax AT

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