DCIT Circle 1(2)(1), Mumbai Vs. MSPL Ltd.
Case No: ITA No.5433/Mum/2025
Court: INCOME TAX APPELLATE TRIBUNAL, ‘A’ BENCH, MUMBAI
Date: 1/28/2026
Parties Involved
appellantDCIT Circle 1(2)(1), Mumbai
respondentMSPL Ltd.
Facts Summary
The present appeal has been preferred by the Revenue against the order dated 06/06/2025 passed by the learned Addl./JCIT(A)-7, Kolkata, arising out of the reassessment framed under section 143(3) read with section 147 of the Income-tax Act, 1961, for the assessment year 2011-12. The assessee, MSPL Ltd., had received Rs. 15,16,16,644/- on sale of Carbon Emission Reduction Certificates / Carbon Credits during the year under consideration. The assessee treated this receipt as capital in nature and …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the amount received by the assessee on sale of carbon credits is a capital receipt or business income.
Precedents Relied Upon
4 precedents cited in this judgement.