No income tax payable on sales proceeds of Certified Emission Reduction Credit procured on Clean Development Mechanism


Last updated: 22 September 2021

Court :
ITAT Chennai

Brief :
In The Commissioner of Income Tax, Chennai v. M/S. Wescare (India) Ltd [Tax Case Appeal No.434 of 2021 dated September 02, 2021], the Commissioner of Income Tax, Chennai ("the Appellant") had filed an appeal under Section 260A of the Income Tax Act, 1961 ("the IT Act") against the order dated March 12, 2021 ("Impugned Order") passed in ITA No. 509/Chny/2017 on the file of the Income Tax Appellate Tribunal, Chennai Bench ("the ITAT") regarding the Assessment Year 2009-2010.

Citation :
Tax Case Appeal No.434 of 2021 dated September 02, 2021

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Bimal Jain
Published in Income Tax
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