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Carbon Credits entitlement is capital receipt & can’t be taxed as a revenue receipt
Case Law Details
- Case Name
- My Home Power Ltd. Vs Deputy Commissioner of Income-tax, Central Circle-7 (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Hyderabad
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IN THE ITAT HYDERABAD BENCH ‘B’
My Home Power Ltd.
Versus
Deputy Commissioner of Income-tax, Central Circle – 7
IT APPEAL NO. 1114 (HYD.) OF 2009
[ASSESSMENT YEAR 2007-08]
NOVEMBER 2, 2012
ORDER
Chandra Poojari, Accountant Member
This appeal by the assessee is directed against the order of the CIT(A)-I, Hyderabad dated 15th October, 2009 for assessment year 2007-08.
2. The assessee raised the following grounds of appeal:
1. The order of the learned CIT(A) is erroneous both on facts and in law.
2. The learned CIT(A) erred in finalising the appeal witho...
