laws for tax exemption

On June 14, 2010, the Bombay High Court ruled that fashion designers are artists and hence eligible for income tax exemption, which came as a relief for many struggling designers in the Indian fashion industry. Indian law pertaining to tax exemption was not so liberal earlier. Ten years ago, when the ace Indian designer Tarun Tahiliani petitioned for I-T exemption under the category of artists, the income tax department rejected his claim as it did not recognize a fashion designer as an artist. A division bench headed by Justice J P Devadhar and Justice Dhananjay Chandrachud proclaimed that fashion designers should get tax privileges available the category of artists.