Receipt from the sale of carbon credit certificates:- Whether Capital receipt or revenue receipt?

Commissioner of Income-tax – IV
 VS 
My Home Power Ltd. 

(Andhra Pradesh High Court), 
ITAT APPEAL NO. 60 OF 2014, 
Date of Pronouncement- 19.02.2014

Controversy- Receipt from the sale of carbon credit certificates:- Whether Capital receipt or revenue
receipt?

Held- Tribunal adjudicated that it is capital receipt and it can’t be business receipt or income.

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