{"id":25616,"date":"2022-03-17T13:19:31","date_gmt":"2022-03-17T07:49:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/clarion-power-corporation-ltd-v-acit-2021-88-itr-3-sn-hyd-trib\/"},"modified":"2022-03-17T13:19:31","modified_gmt":"2022-03-17T07:49:31","slug":"clarion-power-corporation-ltd-v-acit-2021-88-itr-3-sn-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/clarion-power-corporation-ltd-v-acit-2021-88-itr-3-sn-hyd-trib\/","title":{"rendered":"Clarion Power Corporation Ltd. v. ACIT (2021) 88 ITR 3 (SN) (Hyd.) (Trib.)"},"content":{"rendered":"<p>Held that the assessee\u2019s receipts in the form of carbon credits could not be treated as taxable income. Reassessment notice to contrary to the decision of High court was held to be invalid. Followed CIT v. My Home Power Ltd (2014) 365 ITR 82 (AP)(HC). (AY.2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-Carbon credit-Capital receipt-Reassessment notice to contrary decision of High Court-Held to be in valid. [S. 4, 148]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-25616","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Fa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=25616"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25616\/revisions"}],"predecessor-version":[{"id":25617,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25616\/revisions\/25617"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}