Case Law Details
Case Name : Humayun Suleman Merchant Vs CCIT (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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Brief of the case:
- The Hon’ble Bombay HC in the above stated case held that when the wordings of law are quite clear then law should be applied in its letter and no space could be made for logical or beneficial or constructive interpretation.
- Therefore, when the section 54F(4) clearly set a conditi
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Author Bio
This is the question regarding demonitaaze of 500. and 1000 notes
Now Govt is thinking to Charge 50% of unaccounted cash on it and penalty if any leviable with lock in
Period for that 4 years and so on
Point is that VDI scheme which was ended in sept 2016
Gas was 30%pus 3% of surcharge and in addioion to that
15% including interest and penalty was levied
On black money declared
In the same year if black money found or declared?
How the rate of Tax and penalty can be different one
Financial year relevant tomA.Y.2017-2018 I R.E.M. reed when before 20 years when VDI declared rate of
Tax was 30% and those who paying tax regular assessed were tax for the 40% The HON SUPREME COURT
Objected to it but ask The Govt not to bring VDS in future
At least 20 years in future hiilight on this issue on so called amendment in Act going to be proposed in future