Month: August 2023
3 posts
Arbitrator is the sole judge of fact(s); interference in an Award only if error of law is shown
An Award dated 14/12/1997 by a Trial Court in Ahmednagar, on the grounds of “legal misconduct” of the…
Principle of Mutuality and Incomes Exempt from Tax
The Point where Mutuality ends and Trading begins, determines non-exemption or taxability of income
Court’s power under Article 226 of the Constitution of India and exercise of Executive Power under Section 119 of the Income Tax Act – Purposive construction of “genuine hardship”
Section 119 of the Income Tax Act is an important provision under the Act vesting CBDT with power to issue Assessee-friendly notifications. The law is analysed in this Article.