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)*

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