catchwords: Capital receipts
Whether TDS Is Required On Lump Sum Premium For Granting Lease?
In ITO (TDS) v. Navi Mumbai SEZ (P) Ltd. [38 Taxmann.com 218] the Mumbai Tribunal has taken a view that lease premium paid by the assessee to BIDCO for acquiring leasehold land for a period of 60 years in order to develop a SEZ
Whether Income From Sale Of Carbon Credit Is Taxable Under Capital Gains?
In My Home Power Ltd. v. DCIT [IT Appeal No. 1114 (Hyd.) of 2009 dt. Nov. 02, 2012] the Hyderabad Tribunal has held as under: “Carbon credit is in the nature of an entitlement received to improve world atmosphere reducing carbon, heat and gas emissions.