https://www.taxtmi.com/article/detailed?id=1071 Exemption under section 93 requires the Central Government to be satisfied that exemption is necessary in the public interest, and such satisfaction must be objective and based on material facts; withdrawal or variation of an exemption should follow material changes in circumstances, not routine administrative shifts. The 1998 broad exemption for practicing accountants, company secretaries and cost accountants was rescinded and later narrowed in 2006 despite no corresponding change in treatment of other professionals, producing competitive distortion and uncertainty. Parity between individual practitioners and business entities merits consideration to avoid discriminatory taxation. en-us Tue, 28 Dec 2010 23:09:53 +0530 Tue, 28 Dec 2010 23:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1071 Exemption under section 93 requires the Central Government to be satisfied that exemption is necessary in the public interest, and such satisfaction must be objective and based on material facts; withdrawal or variation of an exemption should follow material changes in circumstances, not routine administrative shifts. The 1998 broad exemption for practicing accountants, company secretaries and cost accountants was rescinded and later narrowed in 2006 despite no corresponding change in treatment of other professionals, producing competitive distortion and uncertainty. Parity between individual practitioners and business entities merits consideration to avoid discriminatory taxation. Articles Service Tax Tue, 28 Dec 2010 23:09:53 +0530 https://www.taxtmi.com/article/detailed?id=1071