Contraceptives do not fall under Eleventh Schedule; Section 80-IB deduction allowed maintaining historical consistency.
Contraceptives do not fall under Eleventh Schedule; Section 80-IB deduction allowed maintaining historical consistency. Issue Whether contraceptives manufactured by the assessee fall within the list of non-priority articles specified in Serial Nos. 27 and 28 of the Eleventh Schedule, thereby disentitling the assessee from claiming deduction under Section 80-IB. Whether the Assessing Officer was justified… Read More »