Roll No. .......................

Total Pages : 2

LG/D-21 29030
PRINCIPLES OF TAXATION LAW
Paper: 703

Time : Three Hours] [Maximum Marks : 80

Note : Attempt five questions in all selecting one question

from each unit from Unit I–IV and all parts of Question
No. 9 in Unit V are compulsory. Each question in
Unit I–IV carries 15 marks and question no. 9 in Unit-V
carries 20 marks.

UNIT-I
1. Examine the role and functions of the Finance Commission
of India.

2. Write down the critical appraisal of the case of Commissioner,

Hindu Religious Endowments vs. Sri Lakshmindra Thirtha
Swamiar of Shirur Mutt 1954 SCR 1005.

UNIT–II
3. Write down a note on the incomes which do not form part
of 'Total Income' under Income Tax Act.

4. Elaborate the concept of a 'Agriculture Income' with relevant

case law.

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 UNIT–III
5. What kind of incomes are included under the Salary'? Write
down the exemptions available in 'Salary' head under Income
Tax Act.

6. Discuss the various incomes that are chargeable under the

head 'Profit and Gain of Business or Profession'? What
deductions are allowed under profit and gain of business
heads at the time of computing business income?

UNIT–IV
7. Discuss the provisions of Appeals, Revision and References
under Income Tax Act.

8. Write down a note on the hierarchy of the various classes

of Income Tax Authorities.

UNIT-V
9. Write down short notes on the following :
(a) Surcharge.
(b) Capital receipt and revenue receipt.
(c) Income from House Property.
(d) Set off and carry forward of losses.

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