It is possible that Central Excise Tariff Act (CETA) deems ...

CETA may classify processes as manufacturing for excise duty, but income tax requires genuine manufacturing activity assessment.

January 23, 2014

Case Laws Income Tax AT

It is possible that Central Excise Tariff Act (CETA) deems certain processes as manufacturing by placing certain products in a particular chapter for the purpose of excise duty even if they do not fulfil strict criteria of a manufacturing process but for the purpose of Income-tax we have to find out whether the product meets the test of manufacturing activity. - AT

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It is possible that Central Excise Tariff Act (CETA) deems ...

CETA may classify processes as manufacturing for excise duty, but income tax requires genuine manufacturing activity assessment.

January 23, 2014

Case Laws Income Tax AT

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