Home › Income-Tax Act › PCIT v. Lanco Tanjore Power Co. Ltd. (2021) 434 ITR 671 (Mad.)(HC) Editorial : Notice issued in SLP filed against order of High Court, PCIT v. Lanco Tanjore Power Co. Ltd. (2022) 284 Taxman 276 (SC)

PCIT v. Lanco Tanjore Power Co. Ltd. (2021) 434 ITR 671 (Mad.)(HC) Editorial : Notice issued in SLP filed against order of High Court, PCIT v. Lanco Tanjore Power Co. Ltd. (2022) 284 Taxman 276 (SC)

S. 4 : Charge of income-tax-Crabon credits-Capital receipts-Not taxable.

Dismissing the appeal of the revenue the Court held that a receipt on sale of carbon emission reduction is a capital receipt. Followed S.P. Spinning Mills Pvt. Ltd. v. ACIT (2021) 433 ITR 61 (Mad.)(HC).(AY. 2010-11)