https://www.taxtmi.com/caselaws?id=186240 The High Court affirmed the Tribunal's decision regarding the trading activity qualifying as "services" for Section 10AA exemption under the Income Tax Act. It upheld the reliance on Ministry of Commerce instructions without a statutory amendment and confirmed the eligibility for exemption even without manufacturing or service provision. The Court emphasized the deference to lower authorities' factual determinations and dismissed the appeal, highlighting the absence of evidence to support any factual errors. en-us Tue, 01 Oct 2013 00:00:00 +0530 Fri, 04 Nov 2016 21:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186240 The High Court affirmed the Tribunal's decision regarding the trading activity qualifying as "services" for Section 10AA exemption under the Income Tax Act. It upheld the reliance on Ministry of Commerce instructions without a statutory amendment and confirmed the eligibility for exemption even without manufacturing or service provision. The Court emphasized the deference to lower authorities' factual determinations and dismissed the appeal, highlighting the absence of evidence to support any factual errors. Case-Laws Income Tax Tue, 01 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186240