TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Turning lathe qualifies as machine tool for tax exemption under 253/88: Appellate Tribunal ruling</h1> The Appellate Tribunal CEGAT, Mumbai dismissed the appeal, affirming that a turning lathe is considered a machine tool eligible for exemption under 253/88 ... Lathe - entitled to the benefit of exemption Notification No. 253/88-CE . The Appellate Tribunal CEGAT, Mumbai considered whether a turning lathe is a machine tool. The Collector (Appeals) had granted exemption to a CNC turning lathe under 253/88. The appeal argued that a turning lathe is not a machine tool. The Tribunal determined that a lathe is a machine tool as it is used for shaping metal parts. The appeal was dismissed as the lathe is considered a machine tool.
TaxTMI 
TaxTMI 
