case in admitting
additional ground regarding allowability of provisions of carbon credits."
6. "Ld. CIT(A) erred in law and on facts ... account of provisions of carbon
credits"
3. The assessee company is engaged in the business of manufacturing and
fabrication of piping system and pipe
Income Tax Act, 1961
115BBG. [ Tax on income from transfer of carbon credits. [Inserted by Act 7 of 2017, section ... assessee includes any income by way of transfer of carbon credits, the income-tax payable shall be the aggregate of - (a) the amount of income
with a
carbon dioxide equivalent (CO2e)), equivalent to one tonne of carbon
dioxide." The Collins English Dictionary also defines a carbon credit ... certain
amount of carbon dioxide removed from the environment." The
"Investopedia Inc. investment dictionary" defines a carbon credit as a "permit
1836/Mds/2012, dated 16.04.2013], wherein it
was held that carbon credit receipts cannot be considered as
business income and it is a capital receipt ... substantial question of law no.4 is
concerned, it deals with carbon credit. The question, as to the
manner in which carbon credit receipt
Gujarat Fluorochemicals Limited,, ... vs The Deputy Commissioner Of Income Tax, ... on 13 August, 2018
आयकर
made by the AO on account of carbon credits
which is claimed by the company."
I.T.As. No.5940 & 5941/DEL/2017 ... made on account of income
from sale of carbon credits by treating the same is revenue
receipt. The assessee has claimed that carbon credits
holding
that upon the interpretation of 80IA the carbon credit is
not eligible for deduction?”
3.The assessee, a private limited company, filed its return ... Nadu
Electricity Board. The income from generation of electricity and the carbon
credit earned by the assessee are totally separate and the source
Appellate Tribunal is correct
in holding that sale of Carbon Credits is to be
considered as Capital Receipt and not liable for tax
under ... acquisition
or cost of production to get entitlement for the
Carbon Credits, without appreciating that generation
of Carbon Credits is intricately linked to the
machinery
justified in
deleting the addition made on profit on sale of carbon credit of Rs.5,25,41,076/
40. The issue relates to taxability ... Carbon Credit i.e. CER certificate
(Carbon Credits) issued to the assessee for saving emission of carbon. The
assessee had two biomass based power generation
agreeing with the A.O. that sale proceeds of carbon credit is not
income derived from business of power generations and there by
deleting disallowance ... Emission Reduction
Credit ('VER Credit') of Rs.67,18,544/-. The aforesaid sum received from the
sale of VER Credit forms part
