Commodities transaction tax: Income tax procedural and remedial provisions extend to its assessment and administration. Section 128 provides that specified provisions of the Income tax Act shall apply, so far as may be, to commodities transaction tax, thereby extending ... Summary
Commodities transaction tax: Income tax procedural and remedial provisions extend to its assessment and administration.
Section 128 provides that specified provisions of the Income tax Act shall apply, so far as may be, to commodities transaction tax, thereby extending Income tax mechanisms for assessment, collection, recovery, appeals, penalties, interest and procedural administration to the commodities transaction tax regime.
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