Ownership threshold for goods carriages clarified to mean owning not more than ten at any time during the previous year. The amendment specifies that the criterion 'who owns not more than ten goods carriages' is to be read as ownership assessed at any time during the previous year, thereby fixing the temporal test for eligibility under the presumptive taxation provision.
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.
Ownership threshold for goods carriages clarified to mean owning not more than ten at any time during the previous year.
The amendment specifies that the criterion "who owns not more than ten goods carriages" is to be read as ownership assessed at any time during the previous year, thereby fixing the temporal test for eligibility under the presumptive taxation provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.