Our special guest
As mentioned in DDT 96, the new President of CESTAT Justice Abichandani is a prolific writer on subjects as diverse as DNA and Income Tax but all with a touch of law. We are happy to present a special series of articles by Justice Abichandani starting with an article on Income Tax today. We are grateful to the Justice for permitting us to share his profound thoughts with netizens of Taxindiaonline. What is common to the Central Excise Act and the Income Tax Act? Both the Acts do not provide a comprehensive definition of the basic factor of taxation. Excise duty is on manufacture and income tax is on income. But strangely the Acts give inclusive definitions for manufacture and income.