u/s 80-ic of income tax

[Asked by Guest]

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

Investment-linked tax exemption challenged by revenue due to negative-list classification; entitlement hinges on Schedule 13 listing.
Entitlement to the investment-linked tax exemption for manufacturing plastic containers is disputed because the assessing officer treats the product as included in the statutory negative list; resolution depends on whether the product description appears in Schedule 13, which is the administrative source cited for determining exclusion from the exemption.