Deduction u/s 80IB(11A) - certain fruits and vegetables would ...

Oil palm fruits qualify for tax deductions u/s 80IB(11A) as they are considered fruits needing preservation.

September 12, 2019

Case Laws Income Tax AT

Deduction u/s 80IB(11A) - certain fruits and vegetables would require processing and preservation for their long shelf-life. As long as the end product is also consumable it cannot be denied exemption u/s 80IB(11A). Therefore we are satisfied that the oil palm fruits are fruits u/s 80IB(11A) of the Act. - AT

View Source

← Previous Next →

Deduction u/s 80IB(11A) - certain fruits and vegetables would ...

Oil palm fruits qualify for tax deductions u/s 80IB(11A) as they are considered fruits needing preservation.

September 12, 2019

Case Laws Income Tax AT

You may also like:

Agricultural income Vs. Business income - Sale of palm oil - activity of extracting crude palm oil from palm pericarp(fruit portion excluding the kernel) and also from...

Notification amends tariff values for edible oils, brass scrap, areca nut, gold, and silver. Tables provide revised tariff values for crude palm oil, RBD palm oil,...

CBIC revises tariff values for various goods, including crude palm oil, RBD palm oil, crude soybean oil, and brass scrap, among others, with the changes taking effect...

Fixation of Traiff Values - Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver etc, (including Crude Palm Oil, RBD Palm Oil, Others) - Notification

Raw grade palm oil would mean it is crude oil and merits classification under 15111000 and not under 15119090, as crude palm oil which is imported and declared as such - AT

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver - The amendment Notification No. 29/2024-Customs (N.T.) updates the tariff values for...

Notification No. 28/2024-Customs (N.T.) retains the tariff values for crude palm oil, RBD palm oil, others – palm oil, crude palmolein, RBD palmolein, others –...

Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All...

Deduction u/s. 80IB(11A) - When the statue in section 80 IB of the Act has not made any distinct between export and domestic sales and the profit arising from both the...

GTA Service - Demand of service tax on transportation of palm oil fruit - whether the same is a fruit entitled for the exemption - Any produce of a tree which is the...

The Central Board of Indirect Taxes and Customs issued Notification No. 03/2025-Customs (N.T.) amending tariff values for import of edible oils like crude palm oil, RBD...

The Central Board of Indirect Taxes and Customs, exercising powers under the Customs Act 1962, has substituted new tables for fixation of tariff values of various...

This notification from the Central Board of Indirect Taxes and Customs, issued u/s 14(2) of the Customs Act, 1962, revises the tariff values for certain imported goods....

This notification from the Central Board of Indirect Taxes and Customs, under the Ministry of Finance, amends the tariff values for import of edible oils like crude palm...

The petitioner challenged the imposition of entry tax on crude soybean oil brought into Madhya Pradesh for manufacturing/refining soybean refined oil under the MPCT Act...

Quick Updates: