LLB 3 Years Sem 4 Taxation Laws Apr 2011 Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Write short notes (any four) :— 20 marks
   • (a) Manufacturer under the VAT Act
   • (b) Declared goods under Central Sales Tax Act
   • (c) Business Audit under VAT Act
   • (d) Net Wealth under Wealth Tax Act
   • (e) Income from other source under Income Tax Act
   • (f) Unexplained investment under Income Tax Act
2. Q3 Solve the following with reason (any two) :— 12 marks
   • (a) ‘A’ of Mumbai sells goods to ‘G’ of Anamedabad when the goods are in transit ‘G’ transfer the L/R in the name of ‘C’ of Chennai. Whether such sale attract the applicability of Central Sales Tax Act
   • (b) Decide whether the following commodities can be regarded as goods under
   • (ii) Software
   • (iii) Trademark
   • (c) is registered company under the Company Act, 1956. The company derives its entire income from overseas operations. The Company contends that it must be treated as Non Resident. Decide
3. Q4 Answer the following elaboratory (any four) :— 48 marks
   • (a) Discuss the Penalty and offences under the provisions of MVAT Act
   • (b) Explain when a sales or purchases of goods are said to take place in the course inter-state trade or commerce under Central Sales Tax Act
   • (c) Critically examine the provison relation to “Assessment’ under VAT Act
   • (d) Explain the provision relating to the “Search and Seizure” under Income Tax Act
   • (e) Discuss the provision regarding set off and cary forward of Losses under Income
   • (f) Enumerate the provisions relating to the Assets which are exempt from under

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