J&K&L HC: Failure to Frame Limitation Issue Not Fatal; Courts May Examine Limitation Suo Motu  ||  Bombay HC: Preventing Feeding Stray Dogs at Society or Bus Stop is Not 'Wrongful Restraint'  ||  Gujarat HC: Not All Injuries Reduce Earning Capacity; Functional Disability Must Be Assessed  ||  Delhi HC: Framing of Charges is Interlocutory and Not Appealable under Section 21 of NIA Act  ||  Supreme Court: Mutation of Revenue Records Can Be Based on a Will  ||  Supreme Court: Informant’s Criminal Revision Does Not Abate on Death; Other Victims May Continue  ||  Supreme Court: Driving Licence Renewal After a Gap Will Not Take Effect From Expiry Date  ||  Supreme Court: High Courts Cannot Quash Cheque Bounce Cases by Pre-Trial Inquiry Into Liability  ||  Supreme Court: Passport Renewal Cannot be Denied if Trial Court Has Permitted it Despite Pending Case  ||  SC: Delay in Depositing Sale Balance Does not Make Specific Performance Decree Inexecutable    

Madras HC: Proceeds on Sale of Certified Emission Reduction Credit is Capital Receipt - (10 Mar 2021)

DIRECT TAXATION

Madras High Court has held that proceeds realized on sale of Certified Emission Reduction Credit, which had been earned on the Clean Development Mechanism in its wind energy operations, is a capital receipt and not taxable.

Tags : MADRAS HIGH COURT   PROCEEDS ON SALE OF CERTIFIED EMISSION REDUCTION CREDIT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved