Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
SHIS/FPS Incentives & Carbon Credit Receipts Are Capital In Nature, Excludable From Book Profit u/s 115JB: ITAT
Update / Judgement Date
03 Oct 2025
Source
Author
Sakshi Bhardwaj — WCP Legal Desk
Reading Time
1 min read
Income Tax
The ITAT ruled that SHIS/FPS export incentives and carbon credit receipts are capital in nature, not taxable as book profits under Section 115JB. The article outlines rationale on classification of income and implications for MAT computation.
