HARSHAD SHANTILAL MEHTA versus CUSTODIAN
Receipt of taxes In order to recover money accepted through a special court, banks and financial institutions through an illegal securities transaction, taxes must be preferentially withdrawn, not covered by interest and penalties, The special court may impose lower limits on tax liability. In some cases, the taxing authorities can proceed for the balance only during the legal period. Transaction tax liability cover distribution tax / due distribution is assessed only according to the date of distribution of the property. Alada, third party right in property does not mean the Indian Special Taxes Section, section 1 (4) of the Indian Income Tax Act, 1961, section 2 (43), 1992, Sections 3, 4 and 11. Subject to the power of the defender under
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