Tuesday, June 13, 2017

TAX : WHAT IT IS

Friends !
              The Honorable Supreme Court of India, in the case, the Commissioner, Hindu Religious Endowments, Madras vs. Sri Lakshmindra Tirtha Swamiar of Shri Shirpur Mutt. judgment dated 16 April, 1954, has held as under:
       "A tax is a compulsory exaction of money by public authority for public purposes enforceable by law and is not payment for services rendered."


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