Author Topic: 80IA deduction on Carbon Credit  (Read 5845 times)

PANKAJ JAIN

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80IA deduction on Carbon Credit
« on: March 22, 2010, 06:26:09 PM »
Dear All,

The Department is of the view that, deduction udners section 80IA is not available to a power generating unit in respect of income from sale of carbon credit relying on the recent decision of Supreme Court in the case of Liberty india (317 ITR 218).

Is comparision of earning of carbon credit with Export incentive correct/ justifiable?