M/S. SATIA INDUSTRIES LIMITED,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA
In the result, the appeal of the assessee bearing ITA No
ITA 193/ASR/2022[2018-19]Status: DisposedITAT Amritsar13 Jun 2023AY 2018-19
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
Section 115BSection 143(3)Section 144C(8)Section 250oSection 69C
purchase ESCerts.
l. The energy saving certificates (ESCerts) are also issued as the energy saving also reduces the emission of carbon heat & gases.
m. It is submitted that the receipts generated from the sale proceeds of RECs/ESCerts are not liable to tax for the assessment year under consideration in terms of sections
