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NATIONAL LAW SCHOOL OF INDIA UNIVERSITY
BANGALORE

M.B.L. PART II CORPORATE TAXATION LAWS

Important Questions for Supplementary Examination (Dec) 2012

1. Income tax is a Tax on Income. If so the Assessee/ Members of the Public should
know precisely what Income under the Tax Laws is. Does the Income Tax Act, 1961
offer any definition of 'Income' in that regard? What constitutes income?
2. Briefly discuss the constitutional aspects of tax law
3. What are the broad features of the Service Tax?
4. What are the broad features of Central Excise Act?
5. When does a taxable event take place in the Central Excise Act and Customs Act?
6. Discuss the concept of 'Manufacture' under' Central Excise'.
7. Discuss constitutional aspects of Taxation.
8. What are principles governing prohibition of importation and exportation of goods
under customs Act, 1962.
9. What are the controversial issues arising from the treaty provisions?
10. What are the broad features of taxation of Companies under the Income Tax Act,
1961
11. Critically evaluate salient features of source and status of Jurisdiction.
12. What are the reason for studying tax law in general and income tax in particular?
13. Income earned in previous year is taxed in the Assessment year. Are there any
exceptions?
14. How do you distinguish capital receipt from revenue receipt?
15. State the salient features of source and status of Jurisdiction under international
Taxation?





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16. Short Note
i. Union of India v. Azad Bacho Andolan
ii. Value Added Tax
iii. Mention the methods under Income Tax Act, 1961 for computation of arms
length price
iv. State the entities not liable to wealth tax under the Wealth Tax Act
v. Sum up the essential features of Inter-State sale under Sec. 3 of CST Act.
vi. All India Federation of Tax Practitioners v. Union of India pertaining to
validity of service tax.
vii. Amortisation of R&D expenses
viii. Warehousing under customs Act, 1962.
ix. Captive consumption.
x. Special features of Excise Duty
xi. Transfer Pricing
xii. Duty on Pilfered Goods under Customs Act.
xiii. Double Taxation Avoidance/ Relief Agreements
xiv. Sources of tax law
xv. Advance Ruling Authority under Income Tax Act
xvi. Settlement Commission under Income Tax Act
xvii. Best Judgement Assessment under Income Tax Act

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Compiled by: Rohini Mishra
Contact at: rohinimishra.cs@gmail.com
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