{"id":35468,"date":"2023-08-24T14:05:43","date_gmt":"2023-08-24T08:35:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/oswal-woollen-mills-ltd-v-add-cit-2022-98-itr-521-chd-trib\/"},"modified":"2023-08-24T14:05:43","modified_gmt":"2023-08-24T08:35:43","slug":"oswal-woollen-mills-ltd-v-add-cit-2022-98-itr-521-chd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/oswal-woollen-mills-ltd-v-add-cit-2022-98-itr-521-chd-trib\/","title":{"rendered":"Oswal Woollen Mills Ltd. v. Add. CIT (2022) 98 ITR 521 (Chd.) (Trib.)"},"content":{"rendered":"<p>The assessee received \u201ccarbon credits\u201d based upon the total carbon emission reduction made by the company during the calendar year. It was based upon the power generation by the assessee-company. The Assessing Officer treated the amount in question as a revenue receipt instead of a capital receipt. The CIT(A) allowed the claim of the assessee. The Tribunal held that CIT (A) was justified in its decision and there was no ground to interfere. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4: Charge of income-tax-Capital or Revenue-Carbon Credits-Capital Receipt.<\/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-35468","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9e4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35468","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=35468"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35468\/revisions"}],"predecessor-version":[{"id":35469,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35468\/revisions\/35469"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}