The foregoing problem indicates that levy of surcharge on undisclosed income is a matter of uncertainty and is prone to litigation. In the circumstances, it is suggested that Section 113 may be amended retrospectively in order to provide for levy of surcharge at the rate applicable to the assessment year relevant to the financial year in which the search was concluded.
| Test Type | PAID |
|---|---|
| Total Words | 503 Words |
| Words Per Minutes | 120 WPM |
| Time | 25 min |
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