u/s 80-ic of income tax

[RAJKUMAR JAIN]

We are manufacturing the plastic containers at baddi , this is fully exempted for five years from income tax ,but our ito is not accept the exmeption for the manufacturing i.e plastic containers & he says the siad item is under negetive list So, please advise us how to proove the said item is not in negetive list

AI Summary

Plastic Container Manufacturer Challenges Tax Exemption Denial Under Section 80-IC; Urged to Verify Product Status in Schedule 13. A business manufacturing plastic containers in Baddi is facing an issue with their Income Tax Officer (ITO) who is not accepting their claim for a five-year tax exemption under section 80-IC, arguing that plastic containers are on the negative list. The business seeks advice on proving that their product is not on this list. In response, it was suggested to check Schedule 13 of the Act, which details the negative list, to verify their product's status.