Meaning of tax terms

Meaning of “As it thinks fit “

Posted on by Prashant Thakur

Case Name : Cit vs. Assam travels shipping service 

Citation :  [1993] 67 taxman 269/199 itr 1 (sc)

Court : Supreme court

Section : 253 to 255

Meaning :  The expression ‘as it thinks fit’ is wide enough to include the power of remand to the authority competent to make the requisite order in accordance with law in such a case.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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