Tax credit certificate provision for manufacturing companies was repealed, removing that tax incentive under Income Tax law. The statute provided for issuance of tax credit certificates to certain manufacturing companies as a fiscal incentive; the provision was amended several ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Tax credit certificate provision for manufacturing companies was repealed, removing that tax incentive under Income Tax law.
The statute provided for issuance of tax credit certificates to certain manufacturing companies as a fiscal incentive; the provision was amended several times in the 1960s and 1980s and was ultimately omitted by later finance legislation, thereby removing the tax credit certificate mechanism from the Income-tax Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
