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Proceeds on sale of Certified Emission Reduction Credit, earned on Clean Development Mechanism in wind energy operations is capital receipt, not taxable: Madras HC

Proceeds on sale of Certified Emission Reduction Credit, earned on Clean Development Mechanism in wind energy operations is capital receipt, not taxable: Madras HC
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V K Sasikala may be released from prison by Jan 27, lawyer tells HC | Chennai News

V K Sasikala. File photo CHENNAI: V K Sasikala, close aide of former chief minister J Jayalalithaa, who is at present incarcerated in a Bengaluru prison after being convicted in the disproportionate assets case is likely to be released by January 27. A submission to this effect was made by her counsel before the Madras high court on Thursday while seeking adjournment of an appeal moved by the income tax department against Sasikala. When the plea came up for hearing, Sasikala s counsel submitted that the case might be adjourned after January 27 as she is likely to be released by then so that they would be able to get instructions directly from her. Recording the submission, a division bench of Justice M Duraiswamy and Justice T V Tamilselvi sought the opinion of counsel for income tax T R Senthil Kumar.

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