Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Utilisation of Fund: Government must apply credited sums for consumer welfare and maintain prescribed annual accounts. Sums credited to the Fund are to be utilised by the Government for consumer welfare as prescribed; the Government or a specified authority must maintain proper, separate accounts and records for the Fund and prepare an annual statement of accounts in the prescribed form determined in consultation with the auditor.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Utilisation of Fund: Government must apply credited sums for consumer welfare and maintain prescribed annual accounts.
Sums credited to the Fund are to be utilised by the Government for consumer welfare as prescribed; the Government or a specified authority must maintain proper, separate accounts and records for the Fund and prepare an annual statement of accounts in the prescribed form determined in consultation with the auditor.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.