North-eastern tax deduction and plastic manufacture registration rules are set out through eligibility, compliance, and control conditions. Special deduction is available for undertakings in the North-Eastern States only where the gross total income includes profits derived from an eligible undertaking, the undertaking satisfies the statutory conditions, and the profits are attributable to the specified undertaking activity. The deduction is quantified at 100% of eligible profits for ten consecutive tax years beginning with the initial tax year. Eligibility is confined to undertakings that began the specified manufacture, production, substantial expansion, or eligible business during the stated period in the notified North-Eastern States, subject to exclusions, anti-abuse conditions, double-deduction restrictions, and specified procedural requirements.
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.
Provisions expressly mentioned in the judgment/order text.
North-eastern tax deduction and plastic manufacture registration rules are set out through eligibility, compliance, and control conditions.
Special deduction is available for undertakings in the North-Eastern States only where the gross total income includes profits derived from an eligible undertaking, the undertaking satisfies the statutory conditions, and the profits are attributable to the specified undertaking activity. The deduction is quantified at 100% of eligible profits for ten consecutive tax years beginning with the initial tax year. Eligibility is confined to undertakings that began the specified manufacture, production, substantial expansion, or eligible business during the stated period in the notified North-Eastern States, subject to exclusions, anti-abuse conditions, double-deduction restrictions, and specified procedural requirements.
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