1.4.’21; LAW NOTES:*k selvaraj advtv *INTERPRETATION OF ENTRIES RELATING TO THE TAXING POWER* *(1)* It is the substance of the levy and not the form that determines the nature of the tax. The name given by the Legislature is not conclusive for this purpose.
*1.4.’21; LAW NOTES:*k selvaraj advtv
*INTERPRETATION OF ENTRIES RELATING TO THE TAXING POWER*
*(1)* It is the substance of the levy and not the form that determines the nature of the tax. The name given by the Legislature is not conclusive for this purpose.
[AIR 1957 SC 18]
Ram Narain Vs. St. of U.P.
*(2)* A taxing statute may be amended by incorporating in an annual Finance Act.
[(1975) 2 SCC 454]
M.D. Central Co-op Bank Vs. 3rd ITO
*(To be continued)*