Mumbai University Solved Question Papers
Taxation Laws
Previous Year Question Paper with Solution
LLB 3 years · Sem 4
Nov 2010 Examination
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LLB 3 years Sem 4 Taxation Laws Nov 2010 Question Paper with Solutions
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First published on munotes.in on 24 October 2026.
Published by munotes.in, Mumbai.
Model answers written and edited by the munotes.in editorial desk.
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The University does not publish an official answer key for this paper. The answers in this volume are model answers, written to show how a full-mark answer is built. They are a study aid, not an authority on what an examiner marked.
The question paper reproduced here is the paper as set by the University of Mumbai at the Nov 2010 examination.
The law in these answers is stated as at October 2026. The Income-tax Act, 2025 replaced the Act of 1961 from 1 April 2026; each answer gives the 1961 section the paper asks for, with the 2025 section beside it. No wealth-tax is charged for the assessment year 2016-17 or any later year (section 3(2) of the Wealth-tax Act, as amended in 2015). Since 1 July 2017 the Maharashtra VAT Act covers only liquor and a few petroleum products, and the Central Sales Tax Act six goods; other goods are taxed under the GST Acts of 2017. The central sales tax rate on sales against Form C has been 2 per cent since 1 June 2008, though section 8(1) still prints 3 per cent. The standard deduction from salary, withdrawn from 2005-06 to 2018-19, is now Rs 50,000, or Rs 75,000 under the new regime.
Contents
The questions below are the paper as the University of Mumbai set it at the Nov 2010 examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the Nov 2010 examination, reproduced as the University of Mumbai set them, in the order it set them. Nothing has been reworded, added or left out. Only the answers are ours. See the original question paper.
Duration 3 hours · Total marks 100 · 25 questions answered
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q.1
Q.1: Write short answers, not more than two sentences
20 Marks - 2 marks each
(a)Define "Person" under the IT Act.[2]
Answer
Section 2(31) of the Income-tax Act, 1961 says that "person" includes:
- an individual;
- a Hindu undivided family;
- a company;
- a firm;
- an association of persons or a body of individuals, whether incorporated or not;
- a local authority; and
- every artificial juridical person not falling within any of the above.
The Explanation. It covers an association of persons, a body of individuals, a local authority and an artificial juridical person. Each is a "person" whether or not it was formed to earn income.
Why it matters. Income tax is charged on the total income of every person (section 4). Each kind of person is assessed separately and has its own rates and rules. A firm and its partners, or a company and its shareholders, are different persons.
Examples. A university set up by statute is an artificial juridical person. A club of members is an association of persons. A municipal corporation is a local authority.
The 2025 Act. Section 2(77) of the Income-tax Act, 2025 lists the same seven kinds. The definition is inclusive, so the list is not closed.
A case. In Yogendra Nath Naskar v. Commissioner of Income-tax, AIR 1969 SC 1089, income from property dedicated to Hindu deities was assessed on the deities through their shebaits. The Supreme Court upheld this. A Hindu idol is a juristic entity that can hold property, and it falls within the word "individual".
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