ITAT Holds Carbon Credit Receipts Not Taxable, Directs Exclusion from Section 115JB Computation:
The ITAT held that carbon credit sale receipts earned before the introduction of Section 115BBG are capital receipts, not taxable, and must be excluded from Section 115JB book profit computation.
Carbon Credit Receipts Cannot Be Taxed for Pre-2017 Years, Rules ITAT
Saloni Kumari
Jul 15, 2026
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ITAT Holds Carbon Credit Receipts Not Taxable, Directs Exclusion from Section 115JB Computation
The ITAT held that carbon credit sale receipts earned before the introduction of Section 115BBG are capital receipts, not taxable, and must be excluded from Section 115JB book profit computation.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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