TMI BlogDisallowance of exemption u/s.10AA - assessee did not have adequate and sufficient fixed assets,...Disallowance of exemption u/s.10AA - assessee did not have adequate and sufficient fixed assets, manpower and power/ fuel to carry out any manufacturing or processing activity to the extent shown by the assessee - The law is well settled that a person who claims exemption or concession has to establish that he is entitled to that exemption or concession. A provision providing for an exemption, concession or exception, as the case may be, has to be construed strictly. Therefore, we set aside the ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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