Wednesday, 12 November 2014

Processing of unfinished handicrafts goods amounts to manufacture eligible for sec. 10AA relief

IT: Where assessee after purchasing unfinished handicraft goods applied various processes like cutting, polishing, repairing, remaking, etc., and for that purpose, incurred substantial labour expenses, it could not be denied exemption under section 10AA on ground that it was not a manufacturing concern


No comments:

Post a Comment